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Meloni Rules Out Wealth Tax, Intensifying Italy’s Clash Over Super‑Rich Levies

The vow sets a firm government line against proposals tied to the 2026 budget.

Overview

  • Prime Minister Giorgia Meloni stated on X that with the right in power a patrimoniale will “never see the light,” rejecting left‑wing proposals outright.
  • CGIL leader Maurizio Landini urged a solidarity levy of about 1–1.3% on wealth above €2 million, targeting roughly 1% of taxpayers for an estimated €26 billion a year.
  • PD chief Elly Schlein backed a European‑level tax on billionaires and highlighted the option of rebalancing national taxation toward capital income rather than work.
  • M5S leader Giuseppe Conte cautioned that heavily taxing large fortunes would not deliver the sizable resources needed for current emergencies.
  • An Izi poll showed nearly 84% support for a one‑off levy on fortunes above €10 million, as budget amendment deadlines approach on November 11 and CGIL prepares a December 12 strike.