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@Patriotic Millionaires UK asked Lord Brighty to explain what a wealth tax actually looks like. But it didn't quite go to plan for our poor old Lord 🤪 Our proposed wealth tax would only affect anyone with more than £10 million. So a 2% wealth tax on Lord Brighty's £11 million, would only be £20,000. TINY in comparison to all those balls. And it could raise £24 BILLION a year for the country. Isn't it obvious?
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Millions of households are doing it tough, while the banks profit on the housing crisis, and Labor is making it worse. Tax changes alone were never going to cut it. Labor needs to take on corporate greed in the housing market by taxing big corporations, build more public homes like Australia used to, and end grandfathering for wealthy property investors. Via @Barbara Pocock
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