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A wealth tax is crucial in the transition to a fairer society
Not only is it morally right for wealth to be taxed at the same rate as income, but the government also has the potential to raise up to £174 billion a year by doing so, argues CLAUDIA WEBBE MP

THE Covid-19 crisis is, of course, unprecedented in the scale of its economic and social disruption. Yet much of the unequal impact of the pandemic is because it is operating in a world in which half of global wealth belongs to the richest 1 per cent and in which global and regional inequalities are defined by racial, gender and class oppression.

Whilst billionaires increase their wealth and self-isolate on luxury yachts, workers in Leicester and across the world are forced to put themselves at risk in order to pay the bills.

We know that, as we rebuild from this crisis, we cannot sustain our fundamentally unequal social order. I believe that a wealth tax is crucial if we are to transition towards a fairer society.

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