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The population of the #USA is 332,915,073, & it has around 790 (0.00023%) billionaires. 🇺🇸
The #UK population is 68,580,309, & it has around 177 (0.00026%) billionaires. 🇬🇧
#ThePeopleVsTheOnePercent #WealthTaxNow
The population of the #USA is 332,915,073, & it has around 790 (0.00023%) billionaires. 🇺🇸
The #UK population is 68,580,309, & it has around 177 (0.00026%) billionaires. 🇬🇧
#ThePeopleVsTheOnePercent #WealthTaxNow
Estimates suggest that a progressive UK net #WealthTax that only taxes the top 1% wealthiest households - those with net wealth above £3.4 million - would raise roughly £70-130 billion a year.
gala.gre.ac.uk/id/eprint/3381…
gala.gre.ac.uk/id/eprint/3381…
Introducing a #WealthTax for UK households with net wealth above £3.4million (the top 1%) taxed at a marginal rate of 1%, above £5.7million (the top 0.5%) at a marginal rate of 5%, & above £18.2million (the top 0.1%) at a marginal rate of 10%, would raise £70-130 billion a year.
