Green Party leader defends wealth tax proposals

The Green Party leader Zack Polanski has defended the party's proposal for a wealth tax, stating that it would address the deep-rooted inequality in society. Polanski argued that a tax on the wealthy would provide the necessary resources to fund essential public services and support those struggling with the cost-of-living crisis. The Green Party's plan involves a 1% tax on individual wealth above £1 million and a 2% tax on wealth above £10 million. Polanski emphasized that this measure would not affect the majority of the population, but rather target the wealthiest individuals who have amassed significant assets. The proposal has sparked debate, with critics arguing that it could discourage investment and economic growth. However, Polanski maintained that the wealth tax is a fair and necessary step to address the growing wealth gap and ensure a more equitable distribution of resources in the country.