Get behind a wealth tax, millionaire urges Lib Dems
Summary
A millionaire is encouraging the Liberal Democrats to support a new wealth tax during discussions about their economic stance. The group, Patriotic Millionaires UK, believes this could raise more funds than the proposed bank windfall tax. The Lib Dems are considering various tax policies ahead of the next general election.Key Facts
- A millionaire, Mark Robinson, is urging the Liberal Democrats to support a wealth tax.
- The Patriotic Millionaires UK group wants a 2% tax on assets over £10 million.
- They also propose raising capital gains tax to match income tax rates.
- The party previously supported increasing capital gains tax and reversing tax cuts on banks.
- Discussions are ongoing about the party's tax stance for the next general election.
- Some Liberal Democrat MPs believe addressing wealth inequality is important.
- The Lib Dems recently set up a group to study their economic policies.
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