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The Wealth Tax

The government has the potential to raise up to £174bn a year to help cope with the Covid-19 crisis if it taxed wealth at the same rate as income. Richard Murphy, a professor in political economy at City University in London, said income was being taxed at almost 10 times the rate of wealth – and that the disparity should be central to any debate about who should pay for the pandemic.

Wealth tax rise could raise £174bn to tackle Covid-19, expert says
The Guardian
Larry Elliott  

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