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UK is seeing anecdotal evidence that yes, it does cause millionaires to flee. Also gives well-earning non-millionaires the final push. I'd argue it is less abo
by rich_sasha 1y ago
UK is seeing anecdotal evidence that yes, it does cause millionaires to flee. Also gives well-earning non-millionaires the final push.
I'd argue it is less about the tax level and more about value for money. UK services are in a downward spiral while the taxes are going up, which I think is the core issue.
Even if you don't rely on, say, public healthcare as a rich person, it does affect you, as it pushes the equilibrium level for your premium service.
- hermitcrab 1y ago>UK is seeing anecdotal evidence Do you have any actual numbers, or just anecdata? The linked article quotes numbers.
- rich_sasha 1y agoI don't have any numbers I hugely trust, but this report has been doing the rounds: https://www.independent.co.uk/news/uk/home-news/uk-millionaires-non-dom-tax-rachel-reeves-b2775646.html https://www.independent.co.uk/news/uk/home-news/uk-millionai... Apparently UK is losing twice as many millionaires as China and while, granted, there may be restrictions on leaving, but still, the population is about 20x bigger. The article seems to be paywalled for me, so sadly I didn't get to their hard evidence bit.
- hermitcrab 1y ago"An estimated 16,500 millionaires are set to leave" That is not the same as people actually leaving. Also I am happy for them to&^%$ off and not pay tax somewhere else. Good riddance.
- deleted 1y ago[deleted]
- IAmBroom 1y ago> "anecdotal evidence" Military intelligence. Jumbo shrimp. Compassionate conservatism. Original copy.