Would a wealth tax work?
Roll up, roll up! The biannual Lib Dem half-baked tax policy circus is in town! Last time, the so-called ‘mansion tax’ show never lived up to its billing, as ringleader Clegg tried juggling too many ideas. We had the mansion tax, tycoon tax, new stamp duty bands and the more noble income tax threshold rise to watch. Now, it seems, the spectacle is back – with the big beasts of the Liberal Democrats prowling the airwaves to push for a new wealth tax to ensure the rich ‘pay their fair share’. Unlike the mansion tax, this policy suggestion would not, we are told, be a permanent feature – but rather
