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Oh god no, I don't believe that for one second. The super rich pay nothing at all, and they wouldn't be affected by a salary cap anyway. They don't typically get paid a salary anyway. It will be the high earners, on the sort of money normal folk would love to attain - your £100k people.

I meant in the theoretical scenario where a preposterous (£40k) wage cap came into play. House prices overall would drop, as surely demand for £x00k houses would evaporate.

Ugh. Of course it's unfair, it's unfair EVERYWHERE. A salary cap won't change that, and even if you close every loophole there is, the businesses will just move their operating office, if there is that much at stake. I'd like to know how much the mega-rich provide in tax income versus the...