Taxation pp 154-169 | Cite as

What about the Wealthy?

  • Margaret Wilkinson
Part of the Economics Today book series (ET)


Denis Healey once promised to tax the rich ‘until the pips squeak’, and he mentioned a wealth tax. In Britain we do not have a ‘wealth tax’, but there is a variety of taxes levied on stocks of wealth or property rather than on current flows of income, expenditure or profits. They raise very little revenue: excluding rates, they contributed 2.2 per cent to the UK total in 1987 (see Table 10.1), and only 1.8 per cent in 1989 (see Table 4.1).


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Copyright information

© Margaret Wilkinson 1992

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  • Margaret Wilkinson

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