Environment and Climate ChangeEqualityFeaturesGlobal IssuesSocietyWorld
Inequality and climate change are inextricable, and must be addressed together
The emissions of the wealthiest have continued to rise, leaving the poor to bear the brunt of decarbonising.
The final report of the LSE-Warwick University commission on wealth taxes has rightly drawn attention with its eye-catching proposal to raise £260bn from a one-off tax on millionaires.
- James Meadway
- NewStatesman
This would be quite a bounty for government, representing about 40 per cent of the UK’s annual tax take, or the equivalent of a 9p rise in the basic rate of income tax.
Assessed in a single year but levied over five, the amount raised could start to redress the rise in wealth inequality over the…