TAX WEALTH PROPERLY - GIVE WORKERS A PAY RISE

TAX WEALTH PROPERLY - GIVE WORKERS A PAY RISE

Started
14 February 2023
Signatures: 79,516Next Goal: 150,000
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Why this petition matters

Started by Richard Burgon MP

While millions of people are struggling to make ends meet, it's boom time for the very richest.

Our rigged economy means that the vast wealth in our society is increasingly funnelled into fewer and fewer hands.

A genuinely fair tax system would ensure that those with the broadest shoulders pay the most. Instead, income from wealth is taxed at lower rates than regular income.

We believe it is wrong that the tax paid on profits when selling assets - Capital Gains Tax - is paid at lower rates than people pay on the wages they earn from going out to work day-in, day-out. 

Simply equalising Capital Gains Tax rates with income tax rates would raise £17 billion per year. That could easily fund an inflation-matching pay rise for the nurses, teachers, ambulance drivers and all the public sector workers that the government was happy to clap not long ago.

Ahead of the Budget on March 15, we call on the government to scrap this tax advantage for the richest and to instead tax wealth fairly and use the billions raised to give public sector workers a proper pay rise.

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Signatures: 79,516Next Goal: 150,000
Support now
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