There are a lot of tax reform Reeves could make which address wealth and would be entirely justified and could also have growth benefits, e.g on CGT, investment income, property, pensions

These should come alongside taxes on middle earners

Wealth inequalities also map onto inequalities in income and so compound the overall feeling of inequality.

Also the CGT data here is only taxable gains. Doesn't account for gains on pensions or primary homes.

Capital gains, inheritance and investment income have all become more important, are spread v unequally, are not captured by the article's data, and are taxed less

Eg see below by Advani and Summers.

And the top 0.1% is often seen as the most egregious inequality

warwick.ac.uk/fac/soc/econ...

Only if they trade up in the same region right? So people still gain if they (1) keep their home till death and give it as inheritance (if its sold by the inheritor, which inherited homes tend to) or (2) move to a region with lower house price rises. That's likely to be a v significant % of people

Don't think this is right? A London buyer in 2010 may have paid a premium due to lower council tax, but their house price has since continued to grow faster than elsewhere while their council tax hasn't (= a gain).

As long as house prices continue to diverge more than CT bills, homeowners gain

We also have papers coming out on:

(1) The Story to Tell about Tax Rises - how to frame tax rises to gain public trust, based on tests of mock-up BBC articles announcing tax rises
(2) The Attitudes of Small Businesses to tax rises, based on a representative survey of SMEs.

Keep your eyes peeled

These reforms would help sort the fiscal mess. BUT if we do want 'national renewal' (essential if govt is to rebuild public trust) much more is needed

Are broad-based tax rises needed? Would the damage to public trust be worth it in the long run? We discuss these questions in an upcoming paper

So, a set of popular, pragmatic and pro-growth tax reforms could not just to plug the fiscal hole, improve the tax system and avoid raising the headline rates of broad-based taxes...

They could boost public confidence in government at the same time

Read the detail here:
demos.co.uk/research/sol...

Support is also seen among key electoral target groups

... or with arguments for and against the reform

... with contextual data about what the reforms does and how much it raises...

The changes would also be popular, whether you present people with a one-line summary (as below)...

The changes would benefit economic growth by:

(1) broadening neutrality in the tax system
(2) introducing new allowances to encourage investment,
(3) ending disortionary incentives to shift income into capital gains, move abroad or hold onto assets until death

By (1) tackling tax advantages for landlords and partners relative to employees, (2) ending harmful and distortive incentives in capital gains tax, (3) ensuring high-value properties pay a fair share & (4) properly taxing the social harms of gambling, govt could raise up to £21.3 billion