In an interview with the Sunday Mirror the former Labour leader Neil Kinnock said that rising levels of poverty in the UK ‘would make Charles Dickens furious’.
He is calling for the two-child limit on benefits to be scrapped to help lift children out of poverty, but the Institute for Fiscal Studies estimated this could cost £2.5 billion pounds a year.
So how could we pay for this? In Kinnock’s words, ‘the economics of Robin Hood’.
He said “I think people would see the justification of increasing taxes on assets and the very, very highly paid – I’m talking about the top 1% – in order to make the transfer directly to reduce child poverty.
He previously said that a 2% charge on people with assets valued at over £10 million could bring in around £11 billion for the Treasury.
Credit to : Jeremy, Storm & Vanessa On 5