A wealth tax makes sense so what are we and the government afraid of?

When London’s Saracens beat Leinster in the European rugby final in Newcastle last May, the club, and its sugar daddy owner, Nigel Wray, could not have imagined that win might be a high-water mark.

Wray’s wealth built a rugby super-power by ignoring salary-cap regulations. That golden goose was stuffed yesterday when the club was fined £5m. That ruling, which will be appealed, will have profound implications for Saracens, but, far more importantly, it is another indication that those determined to confront super-wealth, and how it gathers the world unto itself, are gaining in momentum.