By Lewis Goodall

It may be one of my most left-wing political views, but the time has come to have a serious conversation about inheritance tax.

Specifically, a conversation about a truly radical inheritance tax. One that doesn’t just nibble around the edges of wealth, but fundamentally rethinks our society's relationship with it. We should be considering a 100% inheritance tax.

The current debate, sparked by suggestions that the Chancellor might close a loophole on gifts, is a distraction from the real issue. It’s a debate framed by wealth managers and consultancies who, perhaps unsurprisingly, warn that "tightening up" the rules would harm young families.

This argument, that the best way to address generational inequality is to let the wealthy few pass down their money, is a profound misreading of the problem. It’s a system designed to benefit the wealth managers, not the average person.

The heart of the matter is this: we have created an economy that relentlessly........

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