There is an obvious way to tackle this inequality. It is called an investment income surcharge. We had one in the UK for more than 20 years, but Margaret Thatcher got rid of it. It is time that we had one again, creating an additional 15% tax charge on income from wealth of more than £10,000 a year.
Grace Blakeley joins Politics Theory Others to discuss the neoliberal financialisation of the UK and world economies, the coming reckoning with the UK’s current account deficit, and how we can wrest control away from the […]
One of the central ideas in the push for globalization is for the state to become subservient to the corporates, and for citizens to become submissive consumers. Is it any wonder that our political classes […]
Richard Murphy: The banks are using this crisis to demand that we go back to the rules of 2007 so that they can exploit us all over again
This is the real danger, that the financial corporations use the corona crisis to further their interests, not to mention receive hundreds of billions from the state. Read here