More of a fiscal rant than a discussion on wealth tax.
I've always been in favour of US style property tax to supersede council tax. Given Zoopla, Rightmove, every mortgage company and Land Registry have estimates for property values, we really need to stop the "it's too hard" crap for taxing properties based on their actual worth. I remember someone comparing the Council tax rates between Burnley and Knightsbridge and I'm not sure you could make a more regressive system if you tried. You pay absolutely F.A capital gains for property value increases and, despite some lies in the right wing rags, you still won't under this current government. There needs to be a way to balance this inequality out.
Shares also a weird one. I've always wanted share purchases to be genuine investments to the businesses and the investors. For example, if you're buying into an IPO I do actually believe there should be significantly increased tax benefits to the investors as it encourages innovation and is genuine investments in start-ups. I was reading this morning about Revolut wanting to list on NASDAQ rather than in the UK and we need to encourage companies to invest here. Conversely, if you're buying shares in existing companies, and all you're doing is trading via market makers, you're just buying shares off other investors which is doing nothing for the actual companies involved. These transactions need dragging into the income tax brackets and excluded from tax relief as all you're doing is profiteering at the expense of other investors. If they lose, they can then claim that back in relief anyway.
P.S VAT can f**k off too, goes without saying who suffers the most from that one.