Clegg wealth tax condemned as dead end.

The Taxpayers Alliance today condemned Cleggers wealth tax idea revealed on tbg. last night as a "dead end".

Chief Executive Matthew Sinclair told tbg. that, "Dennis Healey tried the same thing in the 1970s", and argued that, "it would be a practical nightmare and a huge danger to the already struggling economy."

Sinclair is calling for reform to simplify the current tax system so as to fill loopholes and make sure everyone pays their fair share instead.