The case for taxing wealth, argument by argument.
The country already levies wealth taxes by various names, so there is no need to tax wealth any further; the existing arrangements are sufficient.
You're making the "We already tax wealth enough" argument against a wealth tax. If the wealth taxes we already have were enough, living standards wouldn't be slipping while assets are hoarded by a few — the same critique levelled at wealth taxes abroad applies to ours: they plainly aren't going far enough. Many are riddled with caveats and loopholes that let the wealthy keep avoiding paying back into the systems that enabled their success. "We already tax wealth enough" describes a set of taxes that demonstrably aren't doing the job. Learn more: https://wealthtax.now/arguments/already-tax-wealth-enough/
You're making the "We already tax wealth enough" argument against a wealth tax. If they were enough, living standards wouldn't be slipping while wealth is hoarded at the top. The ones we have are riddled with loopholes. https://wealthtax.now/arguments/already-tax-wealth-enough/
The UK's main recurring tax on wealth is broken: council tax is still based on 1991 property values that have never been revalued, and is steeply regressive with respect to those values. The most valuable Band H homes pay only three times as much as the cheapest Band A homes, despite being worth at least eight times as much in 1991 — and far more today. The wealth tax we already have systematically under-taxes the most valuable assets, so "we already tax wealth enough" rests on a levy that plainly isn't doing the job.
Raised as a counter-argument to rebut. “We have the highest taxes ever at the same time as a disappearing welfare state. That is what happens when your government goes massively in debt to the super r”
Raised as a counter-argument to rebut. “we live in a tax system which already taxes high earning individuals very highly it does not tax extremely wealthy families or individuals very highly at all”
Raised as a counter-argument to rebut. “Jeremy Hunt is able to buy houses without paying stamp duty because he buys them 7 at a time & there's a special uh exclusion in stamp duty for anyone who buys ”
Raised as a counter-argument to rebut. “the end result is you have a tax system which looks Progressive for ordinary people because you're only comparing yourself to people around you who are ordinary”
Raised as a counter-argument to rebut. “the richest 1% already pay 28% of tax now this is very misleading”