George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy | Polly Toynbee
‘Tax wealth, not work’ would be a powerful message for Starmer and Reeves – are they bold enough to pursue it?
Now he’s retired from casting millions of people into poverty, George Osborne has become another flaunting, flamboyant example of a fast-growing phenomenon: the wealth he was born with sticks to him and accumulates.
A “windfall” for Osborne, says the Financial Times. He took a share of the £70m profits last week as partner in a boutique financial advisory firm. But windfall isn’t quite the word. It’s more like a salary, though less taxable: he took his share of £28m last year, £26.5m the year before and so on, alongside a string of other finance jobs, including cryptocurrency.
Polly Toynbee is a Guardian columnist
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