True, fair point, I did say that the wealthy need to be highly taxed. My clarification is that “highly” should be “as high as ordinary people” in terms of percentage.
Wealth tax absolutely should not be called anything else. Certainly not anything that infers tax on achievement, effort, and winning. What about inherited wealth - is that someone gaining wealth through striving hard and succeeding? What about wealth passively gained from sitting on a house that goes from £500k to £3m over the thirty years someone lives there - is that success through hard work? What about putting your millions into a hedge fund so they can rip of everyone else and you gain massively - is that success? Its best to call it wealth tax.
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