A wealth tax is a tax on the total value of a person's assets, such as property, investments, and savings. It is designed to ensure that individuals who are incredibly rich contribute a portion of their wealth towards society. Full definition
The next step will come at the Lib Dem conference at the end of next month when the party considers a series of proposals for wealth taxes. (theguardian.com)
His new wealth tax would be in addition to «our standing policy on things like the mansion tax». (theguardian.com)
In countries with wealth taxes linked to the value of your assets, you have to own more to be taxed more on it, and you'll still own more after tax. (politics.stackexchange.com)