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Meloni Rules Out Wealth Tax as National Debate Reignites Ahead of Budget Vote

Unions tout a 1–1.3% levy on wealth above €2 million worth an estimated €26 billion.

Overview

  • Prime Minister Giorgia Meloni said a wealth tax will “never see the light” under a right‑wing government, rejecting proposals circulating on the left.
  • Maurizio Landini of CGIL proposes an annual “solidarity contribution” of about 1–1.3% on net assets over €2 million, targeting roughly 500,000 people for about €26 billion in revenue.
  • PD leader Elly Schlein backs a European‑level tax on millionaires and billionaires, while M5S leader Giuseppe Conte distances himself, arguing such levies would not yield large resources and are not on his agenda.
  • An Izi survey reported that nearly 84% of Italians favor a one‑off tax on ultra‑wealthy fortunes, with support spanning both government and opposition voters.
  • The clash unfolds as the budget heads into the amendment phase early next week, with Avs urging a levy on large fortunes, centrists like Matteo Renzi calling the idea a political misstep, and a CGIL strike set for December 12.