Aditya Chakrabortty on why a wealth tax is not the silver bullet many hope for - what is needed is much more fundamental:
'The electoral future of a low-growth country like Britain doesn’t lie in promising voters that with some magic trick you can drive up GDP, but in accepting that the arguments that lie ahead are about the distribution of resources. That’s something the centrists on both the Tory & Labour benches have yet to grasp'.
#politics #WealthTax #inequality
https://www.theguardian.com/commentisfree/2025/nov/20/wealth-tax-left-super-rich-britain-budget-2025
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