Instead, OECD economists proposed higher average tax rates for the top 1%, through reducing tax avoidance, raising wealth taxes, and restricting allowances and reliefs.
The Bank of England describes its actions in monetary terms: by expanding the amount of money in the hands of the public, some people will shift to riskier assets such as stocks and bonds, raising wealth and spurring investment.
All of this is drivel: the Labour man has foresworn green belt development, has no powers to raise a "wealth tax" and as mayor would be even less the creature of his party leader than he is now.
North Carolina's 1784 statute explained that by keeping large estates together for succeeding generations, the old system had served "only to raise the wealth and importance of particular families and individuals, giving them an unequal and undue influence in a republic" and promoting "contention and injustice".
There is a real risk, however, that anti-tax forces will rapidly coalesce around a proposal to permanently raise the wealth exemption and gut the law.
If we can raise global wealth fast enough, and if we can innovate fast enough in food biotechnology, we can tap into it.
Other calculations by the Credit Suisse team "hint at raising global wealth inequality in recent years" and show that overall wealth in the US has grown at a faster pace than incomes.
Higher share prices have raised household wealth by some $1.4 trillion, which will spur some spending.
House prices rose by 60% from 1982 to 1986, raising household wealth and buoying confidence.
The flood of Wells's prose lifted him from the respectable poverty in which he was raised to wealth and international fame.
