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What does the left want? A wealth tax. What will that accomplish? Very little | Aditya Chakrabortty

Imposing a 1% levy on the super-rich isn’t a policy, it’s pantomime. Tackling inequality in Britain will require much more far-reaching changes

By this time next week you will be digesting the budget, you lucky thing. Yet even before Rachel Reeves has commended a single damn thing to the house, her efforts have been written off as a “shambles”, from a “chaotic” government that is Labour in name alone. Which begs the question: what is the leftwing alternative?

Because there is one, on which agreement stretches from Labour backbenchers to many of their opponent MPs and far beyond. Whether you listen to Zack Polanski or Zarah Sultana, the TUC or the YouTubers, they all call for a wealth tax – stinging the rich to pay for schools and hospitals. Who could be against such a thing?

Aditya Chakrabortty is a Guardian columnist

Continue reading…Imposing a 1% levy on the super-rich isn’t a policy, it’s pantomime. Tackling inequality in Britain will require much more far-reaching changesBy this time next week you will be digesting the budget, you lucky thing. Yet even before Rachel Reeves has commended a single damn thing to the house, her efforts have been written off as a “shambles”, from a “chaotic” government that is Labour in name alone. Which begs the question: what is the leftwing alternative?Because there is one, on which agreement stretches from Labour backbenchers to many of their opponent MPs and far beyond. Whether you listen to Zack Polanski or Zarah Sultana, the TUC or the YouTubers, they all call for a wealth tax – stinging the rich to pay for schools and hospitals. Who could be against such a thing?Aditya Chakrabortty is a Guardian columnist Continue reading…

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