10 signatures reached
To: Chancellor of the Exchequer
We are NOT all in this together.
Put in place a progressive Tax System that adequately addresses the inequalities in British society. Income inequality among working-age people has risen faster in Britain than in any other rich nation since the mid-1970s.
Suggested changes:
Create a new tax band of 60% on earnings above £500,000.
Inheritance tax on estates of more than £500,000
No more rises in VAT
Abolish Pension Tax Relief above 20%
Suggested changes:
Create a new tax band of 60% on earnings above £500,000.
Inheritance tax on estates of more than £500,000
No more rises in VAT
Abolish Pension Tax Relief above 20%
Why is this important?
This graph shows what people think wealth distribution is, what they think it should ideally be, and what it actually is in reality.
https://ugc.futurelearn.com/uploads/images/4d/3f/hero_4d3f4dc3-dad3-4424-836a-95d1823c32e4.jpg
Open University Inequality Briefing 2013.
© Copyright 2015 FutureLearn
The poorest in society are paying for the mistakes of the Banks and unfair Government policy. Austerity cuts are aimed at the poorest in society but the cuts affect the quality of life of all of us. This includes the cuts to Welfare, Public Services, and the recently announced sell off affordable rented accommodation in the Housing Association sector. We are NOT all in this together.
N.B.
OECD figures show that since 1979 the top 1% of population have increased their wealth from 9% to 23% of the total. The bottom 20% have reduced to 0.6% of the wealth.
Top rate of tax in 1978 was 83% now it is a flat 40%. OECD figures also prove that the less inequality in a society, the more successful it is economically.
https://ugc.futurelearn.com/uploads/images/4d/3f/hero_4d3f4dc3-dad3-4424-836a-95d1823c32e4.jpg
Open University Inequality Briefing 2013.
© Copyright 2015 FutureLearn
The poorest in society are paying for the mistakes of the Banks and unfair Government policy. Austerity cuts are aimed at the poorest in society but the cuts affect the quality of life of all of us. This includes the cuts to Welfare, Public Services, and the recently announced sell off affordable rented accommodation in the Housing Association sector. We are NOT all in this together.
N.B.
OECD figures show that since 1979 the top 1% of population have increased their wealth from 9% to 23% of the total. The bottom 20% have reduced to 0.6% of the wealth.
Top rate of tax in 1978 was 83% now it is a flat 40%. OECD figures also prove that the less inequality in a society, the more successful it is economically.
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