The Green Party is championing a new tax on multimillionaires. Leader Zack Polanski fiercely defends this proposal. He argues it tackles deep societal inequality. Specifically, the party wants to tax the wealthy. This policy emerges during a cost-of-living crisis. Many ordinary people are currently struggling financially. Therefore, Polanski believes focusing on the super-rich is right.
The proposed tax would target large personal fortunes. It involves a one percent annual levy. This applies to assets exceeding ten million pounds. Furthermore, a two percent rate would target billionaires. The party suggests this could raise vast sums. Estimates range from fifteen to twenty-five billion yearly. This revenue could help fund public services.
However, critics strongly oppose the idea. They say it penalizes savings and investment. Some also fear it may drive wealth abroad. Despite this, Polanski remains steadfast. He states the primary goal is reducing inequality. The policy is not just about raising money. It is about creating a fairer society.
Polanski also addressed other tax reforms. He wants to align capital gains with income tax. This means taxing investment profits like salaries. He believes unearned wealth should face equal taxation. Consequently, the system would become more balanced. The burden would shift to those with broader shoulders.
When asked about middle earners, Polanski was clear. His immediate focus remains on the richest. He called paying tax a patriotic act later. Everyone should contribute to rebuilding national infrastructure. This includes a functioning NHS and public transport. But the biggest burden must fall on the wealthiest.
The Green leader also clarified his stance on NATO. He previously suggested the UK should leave. Now, he does not support an immediate withdrawal. He cited global political turmoil as the reason. The country must ensure its own defense first. Eventually, he wants a new European alliance. This alternative would focus on peace and diplomacy.
Polanski recently became the Green Party leader. He won the election by a huge margin. His platform promoted a bold, radical approach. He calls this strategy eco-populism. Since his victory, party membership has surged dramatically. It has grown by eighty percent. The party now claims over one hundred twenty-six thousand members.
This growth signals public frustration with politics. People are hungry for genuine alternatives. The Greens now have a record number of MPs. They also claim to have overtaken the Conservatives in membership. This suggests a significant shift in the political landscape. The debate on taxing extreme wealth is clearly central to their appeal.
For more updates on UK political news, stay tuned to London Pulse News.
