“First off private schools were being used as a tax loophole, I know multimillionaires who owned schools who didn't give a crap about them or education in general, it was recommended by their accountants that they buy them for tax purposes.”
Errr, even if this was widespread (spoiler alert: it’s not) what does this have to do with the current debate? You do understand that it’s parents of pupils that are being taxed more, not the schools themselves?
“Secondly, how are you going to tax actual wealth without a mechanism to do it through?”
You’re right. If only we had mechanisms for collecting progressive taxes such as income tax, CGT, stamp duty, IHT etc etc.
Oh, hang on a minute…..
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