Wealth taxes punish success. I've got a better idea

Contributing sentiments towards policy:

61% : Capital gains tax and income tax could go up for the wealthy, or Burnham could decide on a wealth tax, a levy on the entirety of a person or entity's total worth.
61% : Britain certainly needs tax revenues, but it also desperately needs investment, confidence and growth.
60% : A carefully designed luxury consumption tax would encourage exactly the behaviour Britain says it wants.
59% : Britain needs a tax system that rewards enterprise, encourages investment and raises revenue without driving wealth elsewhere.
58% : A targeted tax on luxury consumption would be fairer, simpler and far better for Britain's economy.
57% : Though other countries have brought in such a tax, they have had mixed success.
56% : France learned that lesson with its long-running fortune tax.
53% : Instead of delivering the promised windfall, it encouraged many wealthy people to leave the country, along with the businesses, investment and tax revenues they generated.
50% : But it's also a fact that Britain's highest earners already contribute disproportionately, with the top 10 per cent of earners contributing 62 per cent of all income tax.
48% : I'm a plumber, not a philosopher or a tax expert.
48% : The idea of a wealth tax is once again climbing the political agenda.
47% : That's what a wealth tax would demand.
44% : At least your mostly rich targets can choose their own tax fate.
43% : Unfortunately, wealth taxes rarely work and the reason is very simple.
43% : Common sense should rule out wealth-based taxation at the first hurdle - how the hell are you supposed to figure out who is worth what?
41% : With Andy Burnham reported to be weighing up tax rises as he assumes office, some are calling for him to ramp up taxes on the richest people in the UK.
41% : Many, me included, get very passionate about tax and the way large chunks of money, legally earned, get hoovered up by income, inheritance and capital gains tax, so when the taxman comes at you for a second dip it seems wrong.
40% : Why tax that?
39% : Basically, wealth taxes are a lot of work and they're easy to dodge.
38% : By 2018, President Emmanuel Macron had effectively scrapped the tax on most financial wealth because it was doing more harm than good.
36% : A wealth tax risks driving all three away.

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