Range of net wealth Number of cases in dimount in
& thousands. £ millions, Under 3,000 15,830 15,126 3,000 = 10,000 2, 27 12,600 A 10,000 - 25,000 571 8,905 Yor 25,000 = 50,000 176 6, 300 50,000 -100,000 70 4,967 100, 000 -200, 000 24 34500 Over 200, 000, 8 4,626
19, 006 56,024
The Economist seemingly opposes Callaghars proposals on the grounds that considerable administrative difficultias are involved, "The figures relate to individuals, and not to married couples as in income assessment : for every three mon with over £25,000 in 1961, there were two women equally wealthy, Is Mr, Calteghan asking for a separate assessment ? And how long does it take to value 19 million estates =— and by what principles 7?" Perhaps Mir. Callaghan should consider a policy of cutting off the wealth of these people at source,