Plan to Tax UK's Wealthiest Families Could Raise £10 Billion a Year

Economists Zucman and Tippet propose taxing the UK's richest families — those worth over £100 million — at 2% yearly, affecting fewer than 1,000 households to raise about £10 billion. The tax authority would calculate their wealth directly instead of trusting people to report it. A 10-year penalty would stop anyone moving abroad to dodge it. Zucman says it could be done fast.