Some, yes, I don’t think 100% tax would work, but the thing that separates rich and comfortable from those on the treadmill is assets, not income, and CGT is the niftiest way to tax assets without worrying about kicking Aunt Flo out of her Kensington townhouse.
Some, yes, I don’t think 100% tax would work, but the thing that separates rich and comfortable from those on the treadmill is assets, not income, and CGT is the niftiest way to tax assets without worrying about kicking Aunt Flo out of her Kensington townhouse.