Submitted on Friday 28th March 2025
Rejected on Tuesday 22nd April 2025
Current status: Rejected
Rejection code: duplicate (see below for details)
Implement a wealth tax at 2% tax on wealth over £10 million
The government must aid the working class as many struggle with rent and bills. Covid saw the wealthy grow richer. Income is taxed, but wealth isn’t. A 2% tax on £10 million would take £200k from a £500k passive gain (5% savings). This could address inequality and help struggling citizens.
The wealthy’s savings are increasingly financing household and government debt, rather than productive investments. This cycle perpetuates inequality as the rich benefit from interest payments while the lower classes struggle with debt. To address this, a wealth tax on the richest could fund income tax relief for working families, potentially boosting consumption and economic growth. This redistribution could help alleviate the financial squeeze on the middle class and help standards of living.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for a similar action: petition.parliament.uk/petitions/721409
216.73.217.50 Sun, 21 Jun 2026 02:14:37 +0100
