Burnham urged to tackle inequality with policies including wealth tax
Key thinkers suggest other radical measures in Compass report such as free personal social care and abolishing Lords
TL;DR
- A report from the Compass thinktank suggests Andy Burnham introduce a wealth tax, universal free personal social care, and public ownership of energy networks to combat inequality.
- The report, "Ending Business as Usual," offers 70 policy options from 15 left-wing thinkers to counter neoliberalism.
- Key proposals include a wealth tax on assets over £10m, equalizing capital gains tax with income tax, and replacing council tax and stamp duty with a proportional property tax.
- Social policy suggestions involve free personal social care funded by a surcharge on income tax for those over 40 and contributions from housing wealth, alongside universal free childcare.
- The report also calls for government-owned companies to manage energy networks and the abolition of the House of Lords.