Labour really should have gotten a CGT in while they had the chance, and an absolute majority. In my view, their failure to make the most of that is why they did so poorly in the last election.

In terms of a wealth tax, I don't like the idea one bit, mostly because I believe that once you have bought something, especially a property, it should be yours to keep. If your primary dwelling was exempt from the tax, then I would look at the proposal a bit more seriously.

Otherwise, you make life hard for retirees etc.