Think tank proposes creation of a 'wealth fund' to address wealth inequality

19 Apr 2018

The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address ‘growing wealth inequality’.

The ‘Citizens’ Wealth Fund’ would give everyone a ‘stake in the UK economy’, the IPPR stated.

It also said that, from 2030, the fund could be large enough to pay all individuals aged 25 a one-off capital dividend of £10,000, which would effectively provide a ‘universal minimum inheritance’ for all.  

The IPPR suggested that the Citizens’ Wealth Fund would be owned and run in the interests of UK citizens, and could be worth £186 billion by 2029/30.

Commenting on the matter, Carys Roberts, Senior Economist at the IPPR, said: ‘Who owns wealth and who will inherit wealth is becoming more important – increasingly so as the share of national income paid to people through wages declines.

‘A Citizens’ Wealth Fund would enable citizens to collectively own a proportion of our national wealth, and make sure everyone benefits from rising returns to capital, not just people who will inherit or who already own assets.’

19 Apr 2018

The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address ‘growing wealth inequality’.

The ‘Citizens’ Wealth Fund’ would give everyone a ‘stake in the UK economy’, the IPPR stated.

It also said that, from 2030, the fund could be large enough to pay all individuals aged 25 a one-off capital dividend of £10,000, which would effectively provide a ‘universal minimum inheritance’ for all.  

The IPPR suggested that the Citizens’ Wealth Fund would be owned and run in the interests of UK citizens, and could be worth £186 billion by 2029/30.

Commenting on the matter, Carys Roberts, Senior Economist at the IPPR, said: ‘Who owns wealth and who will inherit wealth is becoming more important – increasingly so as the share of national income paid to people through wages declines.

‘A Citizens’ Wealth Fund would enable citizens to collectively own a proportion of our national wealth, and make sure everyone benefits from rising returns to capital, not just people who will inherit or who already own assets.’

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