Have your say on government e-petitions

Scrap rise in National Insurance and use a Wealth Tax to save NHS & Social Care

Submitted by Alice Donnellan on Friday 10th September 2021

Published on Monday 20th September 2021

Current status: Closed

Closed: Sunday 20th March 2022

Signatures: 197

Relevant Departments

Tagged with

2020 ~ 5 years ~ commission ~ December ~ Experts ~ INCREASE ~ Individuals ~ insurance ~ millionaire ~ National Insurance ~ News ~ NHS ~ NHS and Social Care ~ RISE ~ Scraps ~ Small businesses ~ Social care ~ Tax ~ The NHS ~ UNIVERSE ~ Universities ~ Warwick ~ Years

Petition Action

Scrap rise in National Insurance and use a Wealth Tax to save NHS & Social Care

Petition Details

The increase to NIC cuts take-home pay for lower earners & younger workers. It also increases costs for small businesses.

Additional Information

A 1% tax on millionaire households in the UK could raise an astonishing £260 billion in 5 years (see Wealth Commission report). The NIC hike might only raise £36 billion/3 yrs.

Experts from LSE, the University of Warwick, and a barrister advising High Net Worth individuals state in the Wealth Commission report that a one-off wealth tax would work, raise significant revenue, and be fairer and more efficient than the alternatives. A wealth tax like this demonstrates that there are better ways to raise serious tax revenue to save the NHS and social care.

Source: https://www.lse.ac.uk/News/Latest-news-from-LSE/2020/L-December/Wealth-Commission-report


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

44.222.104.206 Wed, 22 May 2024 00:40:56 +0100