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Annual wealth tax›Proposal
Proposal ◈ RECONSTITUTED · d’Hive reconstruction

Introduce a 2% annual wealth tax above £10 million

Charge individuals 2% each year on total assets above £10 million, alongside reforms to capital gains, dividends and inheritances.

Arguments + 2Arguments − 2Evidence 0Forecasts 4Metrics 2Comments 0

Reconstruction: introduce a yearly 2% tax on individuals whose total assets exceed £10 million. Gary’s Economics presents it as applying only to the ultra-wealthy and as both a revenue source and a brake on wealth concentration. The wider programme also calls for capital gains and dividends to be taxed at income-tax rates and inheritance loopholes to be closed.

Caveat: the figures below are the actor’s published claims, not d’Hive forecasts or independently verified outcomes.

Source: Gary’s Economics — How do we fix it? · Open reference

By Gary Stevenson / Gary’s Economics · 31 Aug 2026
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Overview

Reconstruction: introduce a yearly 2% tax on individuals whose total assets exceed £10 million. Gary’s Economics presents it as applying only to the ultra-wealthy and as both a revenue source and a brake on wealth concentration. The wider programme also calls for capital gains and dividends to be taxed at income-tax rates and inheritance loopholes to be closed.

Caveat: the figures below are the actor’s published claims, not d’Hive forecasts or independently verified outcomes.

Arguments

Supporting (2)

Net vote total: 000

Argument

Raises revenue from extreme wealth

The high threshold leaves the overwhelming majority outside the charge.

Supports: Introduce a 2% annual wealth tax above £10 million

By d’Hive steward · 31 Aug 2026
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Argument

Directly addresses wealth concentration

The charge applies even where gains are retained and no sale or transfer occurs.

Supports: Introduce a 2% annual wealth tax above £10 million

By d’Hive steward · 31 Aug 2026
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Opposing (2)

Argument

Mobility and investment effects are uncertain

Affected people may change residence, ownership or investment decisions.

Opposes: Introduce a 2% annual wealth tax above £10 million

By d’Hive steward · 31 Aug 2026
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Argument

Valuation and avoidance may be difficult

Private companies, trusts and illiquid assets can be hard to value and may be restructured around exemptions.

Opposes: Introduce a 2% annual wealth tax above £10 million

By d’Hive steward · 31 Aug 2026
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Evidence (0)

No evidence yet.

Forecasts (2)

Forecast

Expected people affected

Approximately 0.04% of the population (published claim)

Supports: Introduce a 2% annual wealth tax above £10 million

ModeQuantitative
PredictionApproximately 0.04% of the population (published claim)
By d’Hive steward · 31 Aug 2026
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Forecast

Expected net revenue

£22–24 billion per year (published claim)

Supports: Introduce a 2% annual wealth tax above £10 million

ModeQuantitative
Prediction£22–24 billion per year (published claim)
By d’Hive steward · 31 Aug 2026
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Shared issue metrics

Metric Primary metric

Wealth concentration

Shared issue-level comparison metric: Wealth concentration.

MetricWealth concentration
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Business investment

Shared issue-level comparison metric: Business investment.

MetricBusiness investment
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Tax-base erosion

Shared issue-level comparison metric: Tax-base erosion.

MetricTax-base erosion
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Tax-base migration

Shared issue-level comparison metric: Tax-base migration.

MetricTax-base migration
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Administration and compliance cost

Shared issue-level comparison metric: Administration and compliance cost.

MetricAdministration and compliance cost
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Net revenue

Shared issue-level comparison metric: Net revenue.

MetricNet revenue
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

People affected

Shared issue-level comparison metric: People affected.

MetricPeople affected
By d’Hive steward · 31 Aug 2026
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