“This House would levy a two-percent wealth tax on assets above £10 million”

Against the backdrop of a cost of living crisis and rising inequality, calls for a wealth tax from politicians, academics and activists have grown significantly, with members of Parliament from the Greens, Labour and Liberal Democrats signing parliamentary motions in support of the policy. Is a wealth tax what Britain needs to fund its public services and create a more equal society, or would it punish wealth creators and prove to be unworkable in practice?