Who would pay a wealth tax?

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Nick Clegg wants to tax wealth. And there are good arguments for doing so, even if the practicalities mean that there is little chance of such a tax impacting on the current economic environment.

The question is, who would pay? The answer is in a recent Bank of England report (redrawn here by the New Statesman):

I think we can safely conclude 1% or less of the population would pay.

But they're the people Osborne rules for.

And that's the challenge we face to create a just society.

Hat tip: Pam Field