"A few days ago, the IMF, global lender of last resort, and their current head, Kristalina Georgieva, called on governments to close the income gap between the richest and poorest that has worsened during the Covid pandemic, by spending more and taxing wealthy households.
Yesterday, the richest person in the world, Amazon founder, Jeff Bezos said he supported the Biden administration’s plan to increase corporate taxes.
Chancellor, Rishi Sunak said in his recent budget that he intends to raise the corporation tax rate from its current 19% to 25% in April 2023, (whether or not that actually happens is open to debate).
Sir Keir Starmer originally said he would not back corporation tax hikes, and then, balancing on the fence, said he might support it in the longer-term. There is also ongoing confusion over whether he wants a wealth tax.
Where are the radical Socialist economic policies the country needs? Will we ever tackle the obscene and ever-growing wealth gap? "