As we have heard today, the Government’s continued inaction on social care is failing families across the country. We need a social care system based on the principles of our national health service—free at the point of use and funded by everyone, based on their ability to pay. Sadly, that is not
the only damning omission in the Government’s legislative agenda. The tax system in this country is rigged in the interests of the super-rich. The Government know that, the public know that, but there is nothing in the Queen’s Speech to fix that. The Government should be introducing measures to make the super-rich and big corporations finally pay their fair share, but that would mean taking on the super-rich funders of the Conservative party, and we know that they will not do that.
This crisis has shone the spotlight on the deep and deadly inequalities in our society, but while 4.3 million children are in poverty, and while food bank usage soars, some have had a good crisis—a very good crisis indeed. The number of UK billionaires has not only soared; their collective wealth has increased by over £40 billion in the last year alone. That tells you everything you need to know about whose interests our economic system is set up to serve.
There is massive public support for increased taxes on the super-rich and on big business, but this Government just refuse to take on the wealthy and the powerful. So I tabled amendment (f), with cross-party support, calling for changes to our tax system to make the wealthy pay—first, to introduce a windfall tax on companies such Amazon that have made super-profits during this pandemic. Secondly, to introduce a wealth tax on the super-rich, so that they are not grabbing a greater and greater share as millions fall further and further behind. Thirdly, to increase tax rates so that those on over £125,000 a year—the top 1%—pay a fairer share. It really is time to break with the failed trickle-down mantra, which has been used for decades to justify deepening and grotesque inequality. A fairer tax system is how we start to build a fairer society.
If the Conservatives actually wanted to help working-class communities level up—if they wanted to move from rhetoric to reality—they would actually be doing those things. The fact that they are not tells you everything you need to know about who this Government truly represent.
5.38 pm