BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
According to the article, there are c218,000 UHNW* individuals IN THE WORLD. Even if they all lived in the UK, and, continued to do so, the claim that "Even modest wealth taxes could raise tens of billions" seems very doubtful to me. So, to raise "tens of billions" in this way, the bar for what counts as "wealthy" is going to have to be lowered.
Further down the article, the figure of assets of £10million is mentioned (not by Labour I hasten to add).
The question will be, "how low is the bar going to go"?
Not saying that I disagree with the principle, why would I?, even at the lowered £10,000,000 bar, it is not going to impact me.
But, to get enough people to vote for it, some actual £ numbers are going be needed, so that self interest can be satisfied.
*ie assets of £43million+
Last edited: