Can a wealth tax really fix inequality? | Opinion

“A wealth tax is less Swiss Army knife, and more … toothpick.” Subscribe ► https://www.youtube.com/user/theguardian?sub_confirmation=1 After decades on the fringe, a wealth tax is now central in politics. Even Andy Burnham, the UK’s new prime minister, will not rule it out. The idea of taxing more of what you own rather than simply what you earn is popular on the left. It helps fight the billionaires, say supporters, tackles chronic inequality - and raises a ton of cash. It sounds great, but the Guardian’s senior economics commentator, Aditya Chakrabortty, is not convinced. #economics #wealthtax #UKnews #ukpolitics