Windfall-tax the rich, Rowan Williams, former archbishop of Canterbury proclaims. Start with a one-off seizure from the top 1% and then bring in a 1% wealth tax that could yield at least £70bn a year. Time at last for the poor to inherit the Earth – or at least a little sliver of it.
The last two Covid years have seen tidal waves of wealth wash into the pockets of those already possessing it, just as the cost-of-living disaster drains funds from low- and middle-income households. The pandemic should open our eyes to an already grossly unequal country suddenly engulfed in extra unearned excess.
