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[motorbiking]

And what happens if the rich don’t like the idea and decide to leave?

Tax the next wealthiest?

If you want the wealthy to pay more you could simply encourage them to come.

 

[carmanmemoranda]

And what happens if the rich don’t like the idea and decide to leave?

Tax the next wealthiest?

If you want the wealthy to pay more you could simply encourage them to come.

The majority won't go. Some will. Just like all levels of people.

As long as they can earn more than they pay out. If their wealth comes from UK, they won't run away from it. Exactly the same as the international business' that keep threatening to leave if taxed more.

If they do, bye.

 

[JohnD]

And what happens if the rich don’t like the idea and decide to leave?

Tax the next wealthiest?

If you want the wealthy to pay more you could simply encourage them to come.

What absolute nonsense.

 

[motorbiking]

The majority won't go. Some will. Just like all levels of people.

As long as they can earn more than they pay out. If their wealth comes from UK, they won't run away from it. Exactly the same as the international business' that keep threatening to leave if taxed more.

If they do, bye.

1 person leaving in the top 1% equates to the same income tax as 100+ on minimum wage.

A small minority leaving will mean more lost than gained. The ones most likely to go are the ones who will pay the most.

 

[JohnD]

How terrible to think that demand for oligarchs' palaces might drop.

 

[securespark]

Apparently some Conservative supporters think that handouts to the rich are a jolly good idea and should be continued forever.

The last Govt?

 

[carmanmemoranda]

1 person leaving in the top 1% equates to the same income tax as 100+ on minimum wage.

A small minority leaving will mean more lost than gained. The ones most likely to go are the ones who will pay the most.

Just shows how little the minimum workers earn. You agree they struggle to pay the taxes needed though.

 

[motorbiking]

Which is why wealthier people pay more. I'm all for helping people on low wages develop the skills to enjoy higher paid employment.

You agree that encouraging high tax payers to leave is not good policy?

 

[carmanmemoranda]

Which is why wealthier people pay more. I'm all for helping people on low wages develop the skills to enjoy higher paid employment.

You agree that encouraging high tax payers to leave is not good policy?

Much better to have a well paid workforce that can afford to pay taxes than a few very rich that do their best to avoid paying.

In my experience every few years these rich folk threaten to leave, and don't

If they don't like it here and don't want to pay, off they go. Bye.

 

[motorbiking]

How many wealthy people do you know?

 

[carmanmemoranda]

How many wealthy people do you know?

Irrelevant

 

[ajohn]

How many wealthy people do you know?

Hugh Grosvenor, 7th Duke of Westminster - Wikipedia

en.wikipedia.org

Sunday Times Rich List 2024 - Wikipedia

en.wikipedia.org

Also a lesser one who started a business while at university. At one point excess cash resulted in buying aircraft but not to fly. Probably moderate size and a good return if hired. These days he mostly networks.

 

[motorbiking]

Irrelevant

sounds like this..

In my experience every few years these rich folk threaten to leave, and don't

is based on none at all.

 

[motorbiking]

Hugh Grosvenor, 7th Duke of Westminster - Wikipedia

en.wikipedia.org

Sunday Times Rich List 2024 - Wikipedia

en.wikipedia.org

Also a lesser one who started a business while at university. At one point excess cash resulted in buying aircraft but not to fly. Probably moderate size and a good return if hired. These days he mostly networks.

you know him?

 

[ajohn]

you know him?

The one I mentioned that way yes.