New Times,
New Thinking.

  1. Business
  2. Economics
25 September 2012

A 20% wealth tax on the mega rich would raise up to £800bn

If Nick Clegg is serious about introducing a wealth tax, here's how it could work.

By Peter Tatchell

The government’s solution to the economic crisis is swingeing cuts in public services. David Cameron claims, Thatcher-style, that cuts are the only option. Not true. There are serious alternatives.

Even Nick Clegg seems to now realise this, with his recent proposal for a wealth tax. The only problem is that he hasn’t spelt out the details. There are no specifics.

Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
The role and purpose of social housing continues to evolve
More than a landlord: A future of opportunity
Towards an NHS fit for the future