Climate idea

Annett Michuki..

3 w

UK Parliament

Climate idea

Wealth tax of 0.5% could cover UK’s share of loss and damage fund

A tax on wealthy Britons of just 0.5% could more than meet the UK’s entire “fair share” contribution to the international loss and damage fund established to support countries worst hit by global climate breakdown, a charity has suggested. Taxing 5p of every £10 of individuals’ wealth over £1m would raise £15bn a year by 2030, well in excess of an estimated $15bn (£12bn) UK contribution to the new fund, according to an analysis by the anti-poverty campaigners Christian Aid.

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  • We Don't Have Time

    3 w

    Dear Annett Michuki.. Thank you for getting your climate idea to level 2! We have reached out to UK Parliament and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    • Munene Mugambi

      3 w

      You'd be surprised to learn that the wealthy are taxed less than the poor

      • Komu Daniel

        3 w


        • Rukia Ahmed Abdi

          3 w


          • winnie nguru

            3 w


            • Tabitha Kimani

              3 w

              Wow. a great idea to deal with loss and damage.

              • Kevin

                3 w


                • Joseph Githinji

                  3 w

                  This is a great way to fund climate action.

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