The Extreme Harm of Extreme Wealth
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Extreme wealth hoarding by the super-rich has a devastating impact.
It drives poverty, climate breakdown, undermines democracy, and weakens governments’ ability to tackle the crises we face.
To address the problem of extreme wealth, the government should:
- Introduce an annual tax on wealth over £10 million
- Set an ‘extreme wealth line’ of £10 million and orient policy to redistribute wealth above this threshold
- Advocate wealth taxes internationally through the UN Tax Convention.
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Tax, trade and debt
By transforming our global economy, we can tackle inequality and create a fairer world.