progress is not the elimination of struggle, but rather a change in its terms’ - Aneurin Bevan

a taxing question

The Glasgow Media Group have for many years published analyses of the interaction between media output and public opinion. Research director Greg Philo penned an article on the Group's latest findings: that a one-off wealth tax would be a popular alternative to savage spending cuts. Even amongst those who would be paying it:
"the poll results show the richest groups slightly more in favour than the low income groups. We asked informally some wealthy people why this might be so, and concern for social order was one reason, another that if the government finances were stabilised , then 'the stock market would go through the roof' and they would get their 20% back anyway."
The Yougov poll conducted for the GMG found that out of 2200 people questioned, 75% were in favour of wealth tax with only 10% opposed.

Given that the argument for such a measure has not been circulated in the mass media, it is surprising that such a result should emerge. But then again, this is what is known as a "hypothecated" or "dedicated" tax - it's for a specific purpose. The purpose being to reduce the deficit - so people who would otherwise be opposed to taxation specifically targeted at the wealthy are likely to support a one-off measure.

What I'm wondering is this - who of the five Labour leadership candidates will give voice to this proposal? As John Underwood, former director of communications for Labour, says:
"It’s time to think big and bold.  The contenders could do worse than spend a few minutes perusing the figures on the Glasgow Media Group website."

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