Greens challenge Labour on wealth tax
16 January 2024
As shadow chancellor Rachel Reeves arrives at the World Economic Forum in Davos, the Green Party is challenging Labour to commit to a wealth tax.
Green Party co-leader Adrian Ramsay said:
“When she attends the World Economic Forum in Davos today, Rachel Reeves will be rubbing shoulders with the super-rich who are seeing their wealth mushroom while billions around the world get poorer. Since 2020 the five richest men have added around £11 million per hour to their wealth [1] while seven out of ten of the world’s biggest corporations have a billionaire CEO or a billionaire as their principal shareholder [2].
“Labour have been hesitant to challenge the grotesque levels of wealth of the super-rich. The Green Party has a clear message for the World Economic Forum: we are proud to be the Party willing to tackle inequality and implement the policies needed to create a fairer greener planet. That’s why we support the introduction of a wealth tax on the super-rich and we challenge Labour to use the platform they have at Davos to commit to the same.”
Notes
[1] World’s 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020 | Truthout
[2] Inequality Inc.: How corporate power divides our world and the need for a new era of public action