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Every year the Sunday Times newspaper compiles a list of the richest people in the country. This year, the list detailed the wealth of the richest 250 people. During the pandemic, the collective wealth of this elite group rose from £565.7 billion to £658.1 billion - an increase of 16.3% or £106.7 billion.

Meanwhile, there are 14.5 million people living in poverty in our country, 9 million of whom are in work.

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* 1. How would you describe the wealth gap between the richest and the poorest in our country?

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* 2. What do you think about the amount of tax being paid by the richest in our country?

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* 3. Taxation policy in Britain has traditionally focussed on taxing incomes (wages and salaries), rather than wealth (property and financial assets). 

Do you support a tax on individual wealth (excluding primary residences) over £2 million?

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* 4. At present, dividends are taxed at a much lower rate than income.

Do you support dividend taxes being brought in line with income tax bands?

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* 5. At present, capital gains are taxed at a much lower rate than income.

Do you support Capital Gains tax being brought in line with income tax bands?

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* 6. By the end of 2020, UK business cash reserves stood at £909,315 million compared to £318,844 million in 2006.

Do you support a 'use it or lose it' tax on the cash lying in corporate accounts?

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* 7. The Resolution Foundation has found that “nearly £800 billion of wealth held by the very wealthiest UK households is missing.”

Would you support the introduction of penalties and sanctions for individuals and companies using tax havens to avoid tax?

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* 8. The Chancellor has indicated that he will implement another round of austerity, with cuts to public services and increases in taxation. 

Given that a tax on the wealthiest could raise a median of £218.4 billion over 5 years, do you think that the Chancellor should tax wealth instead of cutting public services and increasing income tax?

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* 9. Do you think the Labour Party should adopt a wealth tax as a policy at the next Party conference?

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* 10. What do you think the main policies we should be proposing to address the vast inequality in wealth in our country?

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