The case for Labour to introduce a wealth tax has never been stronger | Phillip Inman

A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequality

Andy Burnham and Wes Streeting have sought to blunt the Green leader Zack Polanski’s popularity with a hint that a government run by either of them, should they win a Labour leadership race, would favour a tax of some kind on the wealthy.

With SpaceX’s stock market launch on Friday sending Elon Musk’s fortune to the stars, it is clear to most people that the world’s super-rich are running away with the lion’s share of the spoils and there is not much left for anyone else.