Skip to main content
The Morning Star Shop
Labour needs to seize the agenda and fight for a wealth tax
RICHARD BURGON MP says Labour needs to spell out a bold alternative with a National Care Service funded by taxes on the super-rich
A 5 per cent tax on wealth above £100 million, 10 per cent on wealth above £500m and 20 per cent on wealth above £1 billion would raise £97 billion
THE debate on how to fund much-needed social care investment has forced the issue of taxation to the top of the political agenda.

Of course, the crisis in social care goes well beyond just its woeful funding - it raises issues of privatisation and profiteering, of sickeningly low pay for such important workers, of deregulation, and of the underfunding of local councils.

But our broken social care system can’t be fixed without a huge boost to funding. The Health and Social Care Select Committee, for example, says a £7bn annual increase in social care funding would only be a “starting point” and that a “substantially higher” figure would be needed. 

It's right that the whole Labour movement is rejecting the regressive Tory plans to pay for much-needed investment through national insurance hikes. Such a hike would hit the lowest-paid workers while letting off the hook those whose income comes not from work but from wealth.

But what is Labour’s alternative to the Tory plan? It is simply not good enough to say we will wait until the next election to map out our alternative either on social care or on how we will raise the funds for investment in our public services. 
 

An election could now be less than two years away. Labour is lagging behind in the polls, the leadership’s approval ratings have plummeted this year with the public increasingly deeming it unlikely to form the next government. 

 

To turn this around our party needs to urgently paint a picture of what it stands for. Timidity at this time from the Labour leadership risks many more years of Tory rule. 

           
Richard Burgon has launched a petition with the Labour Assembly Against Austerity calling for a Wealth Tax. Sign up here www.bit.ly/timetotaxthesuper-rich 
The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
WAY FORWARD: People's Assembly Against Austerity protest in central London on June 7 2025
Politics / 11 July 2025
11 July 2025

RICHARD BURGON MP points to the recent relative success of widespread opposition to the Labour leadership’s regressive policies as the blueprint for exacting the changes required to build a fairer society

A woman holds a communism flag as people gather for the NYCLU's May Day rally for worker's and immigrant's rights at Foley Square, May 1, 2025, in New York
Features / 3 May 2025
3 May 2025

In his May Day message for the Morning Star, RICHARD BURGON says the call for peace, equality and socialism has never been more relevant

TAX THE RICH: Anti-cuts protesters spell it out outside the
Features / 4 April 2025
4 April 2025
RICHARD BURGON MP argues that a broad, united mass movement can stop the cuts and ensure it’s the wealthiest that pay their fair share
WORKERS’ RIGHTS: Labour MP for Leeds East Richard Burgon o
Features / 20 January 2025
20 January 2025
RICHARD BURGON MP says the government should use the Employment Rights Bill to reverse a shameful Tory decision on discrimination
Similar stories
Anti-government demonstrators cut down trees to block a road while protesting a law that overhauls the social security agency, in Piriati, Panama, May 20, 2025
Panama / 22 May 2025
22 May 2025
Israel flag
Israel / 21 May 2025
21 May 2025

The intensified Israeli military operations in Gaza are an attempt by Netanyahu to project strength amid perceived political vulnerability, argues RAMZY BAROUD