Submitted by Mark Murphy on Tuesday 24th March 2020
Published on Friday 1st May 2020
Current status: Closed
Closed: Sunday 1st November 2020
Signatures: 946
Implement a windfall tax on UK billionaires to fund effort to fight Covid-19
There are 54 billionaires in the UK, and the Government should implement a one-off windfall tax on these billionaires to help the UK through the current pandemic, and recover afterwards.
The UK Government has used public money to support companies owned by billionaires in the past, including by bailing out the banks during the financial crisis. During the current crisis the Government should put in place legislation to tax billionaires to provide money to support the public.
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