Will the government impose a wealth tax to raise capital?

[Bjauck]

Well on income of course, but what is the definition of income. That is what may need to be looked at. I have no problem with a CGT if it is inflation adjusted.

All gains, income and capital, should be taxed. If there should be an inflation adjustment, then it would make more sense instead for investment income or fixed interest to have an annual inflation adjustment before income from the investment is taxed. Then any gains should be taxed when the asset is sold.

The equity in the family home should be included as a taxable asset too, with imputed rent and taxable capital gains with the annual allowance for inflation offset against imputed rent.

Perhaps there should be a threshold before the flat tax applies.