If labour introduce a wealth tax, I’m leaving for Dubai with many of my other millionaire friends Let’s make this absolutely clear, there are already many wealth taxes: Inheritance tax is a wealth tax because only the richest 4% pay it Between £100k & £125K your effective tax bracket is 60% Capital gains tax is 28% for the wealthy homeowners, & 20% for the wealthy asset holders Stamp duty is 12% for wealthy individuals & 15% for companies And virtually all taxes are progressive in the UK; the more you earn the more tax you pay So no, I won’t stand for a (another) wealth tax, and nor should you (Even if you’re not wealthy because you’ll end up footing the bill when all the millionaires leave)