Loading ...Burnham’s economic architect Miatta Fahnbulleh recommends, among other things:
•A wealth tax and yet another windfall tax on oil and gas.
•Mass nationalisation e.g. of land, transport, and energy.
•Extending national insurance to investment income.
•A cap on interest rates and charges on every form of consumer credit.
•Hiking capital gains tax to income tax levels.
•Hiking divided tax to income tax levels.
•Abolition of the upper earnings limit for national insurance.
•Huge expansion of the benefits system including a “minimum income guarantee” paid to everyone apart from the rich.
•Nationalisation of banks and creation of new “green” banks with taxpayer funds.
•Block on private banks lending to anyone with a “large amount of greenhouse gas emissions” and “penalisation of banks that provide too many carbon-intensive loans.“
•Forced sale of existing businesses to employees.
•A tripling of the stamp duty surcharge to 9% for multiple homeowners and an increase to 6% for non-residents.
Link to Guido tweet: https://x [DOT] com/guidofawkes/status/2068725231796060230?s=61&t=jN2A5xAKPJ_K7ffde22XDg