New polling from Tax Justice UK and Oxfam, conducted by YouGov, shows widespread public support from across the political spectrum for increasing taxes on wealth.
The organisations say this would help to tackle inequality and raise revenue that could be used to fund public services and fight poverty.
The poll, published ahead of Conservative Party Conference, shows that more than two-thirds (69 per cent) of Brits thought that earnings from wealth should be taxed at the same level as, or more heavily than, earnings from income.
Taxing the income from wealth is taxing income, not wealth.
And isn’t this a lovely non-sequitur?
Currently, wealth is often under-taxed compared to taxes on income from work. In the UK, tax raised from wealth remains low at about 4 per cent of GDP compared to 15 per cent from taxes on income and 11 per cent from consumption.
Taxation of helium balloons is low too.