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A wealth tax could raise enough cash to lift 30,000 children in Scotland out of poverty from just 10 families, a report has found.
A tax of 2% levied against those with assets worth £10 million or more could bring in £492 million a year from Scotland’s 10 richest families, the research found.
The report, prepared by the Scottish Trades Union Congress (STUC) for campaign group Tax Justice Scotland, said this would be enough to recruit 11,600 newly qualified teachers or more than 12,900 newly qualified nurses.
Alternatively, it could provide £1,000 to every home in Sco
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