The older generation wont be taxed. Their 'wealth' is so far down the radar that it doesnt even figure.
I think alot of people dont get how far far FAR above everyday people, even high six figure earners, the real wealth horders are.
My parents, both pretty staunchly Tory in their day, nice final salary pensions and a decent home, approve of this.
The banks are not in charge. The super rich LEND to the banks now. All our amenities are in the hands of private companies who have been allowed to run rife on prices, absolutely scraping every last penny for shareholders and refusing to do the minimum of standards of care.
There was an interesting program on R4 a while back, talked about how we are here, how has the edconomics of business ended up here, and it came from the US, the push to change the responsibility of companies to be responsible and accountable to the stakeholders (ie anyone who had an interest in a company - so for a water company, for example, there was a responsibility for the environment, for the local community, for the customers, and the workers) to the main drive and importance being to the shareholders.
The consequences should have been clear, but Im guessing freeing up the economy and growth seemed politically more important to government at the time when this shift happened. (Im looking at you, Thatcher)
And once that did happen, well corporation and unregulated capitalism just did what it did, and did it well. It was always designed to make the most money as possible, even if it drained it away from everyone else, destroyed community, destroyed governments, destroyed the services, in its process.
As a result a huge proportion of the money and the assets are being hoarded, they are not in circulation, so they cant be used for doing the stuff that government needs to do to support the services that the population needs. So things are cut to the bones and since Austerity, the governments have been rearranging the deckchairs on a sinking ship which is rapidly running out of fuel.
The far right, like Farage, (and the super wealthy) see this as a great opportunity to mop up everything else. Farage is a twat. He is brownnosing the billionaires who he has courted to fund his party, and is spouting the popular line to do it.
He is keen on riling people up - and when people are scared, and people are scared, because they can see the impact of living on the crumbs, and they are scared of what little resources they have being taken by someone else, and he is getting everyone pointing and blaming each other. Thats easier to manage, it makes them angry and angry mobs dont think too hard, but they can cause chaos and distruction. They are certainly causing destruction to the current government, forcing them to address all sorts of stuff that shouldnt be happening, if the REAL people to blame were identified and forced to pay their share.
So yes. Tax wealth not work. Wealth like huge parts of London which are owned by the super rich. They cant take those assets with them, they are bricks and mortar. They are not talking about my parents house, or someone with a couple of buy to lets to pad out their pension. But thats what Farage wants you to think 'tax wealth' means. He wants people who have anything to align themselves with 'being rich' so that their fear of super tax on wealth (and tbh I dont think anyone has suggested super tax, Ive only ever seen low single digits) is going to hit them, and object to it.
Its going to be the ONLY way to get money back into the system, to equalise things a bit. To ease up the pressure on working people, and I dont know why the fuck this supposed labour governemt wont do it and are buying in to the pointy finger 'its that vulnerable persons fault' farage game.