Economist Gary Stevenson points out that the wealth of the very rich has grown so much that they are buying assets, such as property, forcing up prices for everybody else: Fewer people can afford to buy their own homes. Stevenson”s advocates taxing wealth to stop the rich getting too rich.
For the present, he avoids being to specific about the exact nature of a wealth tax. Here, I propose two specific solutions. First: taxing property and returning the proceeds equally to each of UK’s 52 million adults. Second: Taxing land to do the same. I have developed these with the help of the chatbot, Claude AI.
Don't look now 