@InlandTaipan Not what I am saying and pretending it is just a convenient way to dodge the real issues. Society already values work irrationally. Society pays footballers, influencers, celebrities and financiers and others obscene sums, while nurses, carers and cleaners are paid far less. That peculiarity is not caused by ordinary working households buying a bigger house, and it will not be fixed by squeezing them harder through council tax or some other random or wealth based tax. Oh and middle earners still have the same issues with elderly parents, children etc.
@SerendipityJane I am not arguing that nurses or carers should earn less, or that people should stop doing those jobs. Pay is also not the only reason that people leave this jobs. Middle earners don't set the rates that those people are paid. It's therefore ridiculous keep punishing people who currently earn more than them, while large corporations and those earning millions from passive wealth remain largely untouched, as they always do.
Its also just lazy to jump straight to nurses and carers v bankers. They are not the only socially useful jobs, nor even the lowest or highest paid joba (see above). There is a vast middle of ordinary workers teachers, engineers, technicians, admin people, tradies who are neither rich nor influential, yet somehow always end up footing the bill.
If people want to fix pay injustice, they should take it up with politicians, the markets, employers, media etc and change the system, not hammer families who worked hard to move from a small house to a slightly bigger one. But they won't because middle earners are far too convenient. What happens when the cash cow runs out?
@Lifestooshort71 Interest on ordinary savings is already taxed and no one is pretending otherwise. That is not what anyone means by passive wealth. It is about middle earners continually being squeezed and targeted because they are visible and easy to tax.