Older people should be targeted in a wealth tax raid to prop up public finances, according to a think-tank.

The Left-wing Institute for Public Policy Research (IPPR) has called for a reform of a system that is 'heavily tilted towards taxing work and younger earners'.

Its conclusions are likely to be looked at closely by Labour as Chancellor John Healey prepares for his first Budget in October amid mounting spending pressures – and after Prime Minister Andy Burnham refused to rule out a wealth tax.

But it could alarm many who have worked hard to afford homes and build nest eggs for later-life.

Now you can have your say in the Daily Mail's latest poll – do you believe the older generation should be taxed more to boost the public purse?

In yesterday's poll, Mail readers were asked: 'Are doctors overprescribing antidepressants?' Out of more than 1,700 votes, 90 per cent of you said 'yes' and 10 per cent said 'no'.