Against a wealth tax moral
Double taxation
Wealth has already been taxed once as income, so taxing the resulting assets again is unfair double taxation.
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The counters
Taxing money more than once is normal The tax system already taxes the same money repeatedly (income then VAT, fuel, council tax). Much wealth is also unrealised gains never taxed as income. Taxes wealth like work The system taxes income from labour heavily while wealth and unrealised gains grow lightly taxed; a wealth tax corrects the imbalance. Britain already taxes wealth The UK already runs wealth taxes by other names — inheritance tax, stamp duty, council tax bands — introduced with little outcry. Taxing wealth is the norm, not a radical departure; this campaign just goes further.Copy-paste rebuttal Drop a sourced reply where this argument shows up
Reddit / long form
You're making the "Double taxation" argument against a wealth tax. Taxing the same money more than once is completely routine — income is taxed, then taxed again as VAT, fuel duty and council tax. Much large wealth is also unrealised capital gains that were never taxed as income in the first place. Meanwhile the system taxes income from labour heavily while letting wealth and unrealised gains grow lightly taxed; a wealth tax corrects that imbalance. And we already tax wealth by other names — inheritance tax, stamp duty — without calling it double taxation. Learn more: https://wealthtax.now/arguments/double-taxation/
X / Bluesky / short form
You're making the "Double taxation" argument against a wealth tax. We tax the same money repeatedly all the time — income, then VAT, fuel, council tax — and much large wealth is unrealised gains never taxed as income at all. https://wealthtax.now/arguments/double-taxation/
Where it's been said
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The City, Levelling Up & £700billion - Gary on Politics Live“this is let's not forget money that has been taxed on acquisition that you are then looking at taxing further”