How to tax the wealthy without a wealth tax

A rally against austerity in London. ‘The upshot would be that £140bn a year could be added to the tax yield.’ Photograph: Vuk Valcic/SOPA Images/Shutterstock

Faiza Shaheen is misguided in her advocacy of a wealth tax (Rachel Reeves needs to find cash fast. A wealth tax really is her only viable option, 22 August).

There are far more practical policies available to tax wealth as part of the progressive narrative. These are based on the idea of taxing the income from wealth rather than taxing wealth directly.