The post you are reporting:
The capital tax, as Howard calls it - and this is no doubt a good wording - but could, I suppose, equate to confiscation, considering that the word fiscal means tax...would not be a 100% tax on financial assets, and the richest would by all means remain rich (financially).
It's not a case of whether you live in a castle or have a few mansions, but whether one person can privately own tens of million or hundreds of millions of pounds worth of financial assets.
At the end of the day, if there is a State Emergency owing to financial collapse of Society, with the risk of revolutions breaking out in Europe for the same reasons, because the State is falling apart and can no longer offer essential services, then one should treat this equal to an Emergency in time of War, when you cannot just say: this is mine, that's mine, and I don't care about the others.
When the British and also allied soldiers were evacuated from Dunkirk, many owners of private boats did not consent to their craft being simply taken by the Government and used to evacuate our soldiers and allies. But the Government simply took them and used them, else we may have waved good-bye there and then to Freedom and surrendered because of the egoism of some people who don't seem to realise that there are times when the Country comes first.
Others willingly came forward with their craft, and went a step further, and risked their lives piloting them to Dunkirk and back. They didn't say: this is MINE, that's MINE and buggar to the Country and everyone else!
A revolution could break out any time in Europe, somewhere, and spread like wild-fire, and all because countries have gone bankrupt, and Austerity is being inflicted on the masses, while the super rich sit there and are allowed to hoard private financial assets.
But by then it would be too late!
Hopefully our Government will do the right thing and treat the situation we are in with the utmost urgency and priority. We need a Wealth Distribution Act to save Society from Desolation.