The UK is so screwed (as if we didn’t know)!
They slashed capital gains allowances to boost revenue. Instead, high earners left the country.
Receipts dropped by 18%. That’s a £2.7 billion shortfall!
Has no one in government heard of the Laffer Curve?
https://www.ft.com/content/8d8e1848-5a24-49a1-a695-2800345ff425
Same for all their other tax hikes too, like tobacco tax. Their greed knows no end.
It’s a laff er minute in the UK…
And if they've heard about it, they think it's a hill-shaped curve with a peak at 50 percent, because that's how it was illustrated in the Economics 101 book.
Shortfall means they'll be allowed to turn on the printers. The same scheme across the 'western value union' countries.
Hmm. I really don’t think they’re as dumb as they look. These tax hikes are made to look like they affect the rich (who know how to stay rich), but it’s just a stealth tax on the aspirational middle class. Plus it gives them reason to increase other taxes and/or print. They’re crooks, I bet there’s always a hidden agenda!
Do not ascribe to malice what can be easily explained by incompetence.
Nope
Well, shit happens I guess (sarcasm)
Gertcha. When Labour has fucked the economy. Gertcha. 😁
No one in government cares Suze
The don’t tax you for revenue
The UK is projected to lose 16,500 millionaires in 2025, according to the Henley Private Wealth Migration Report.
This would mark the biggest wealth exodus in history.
It’s not the weather driving them out.
It’s tax hikes, scrapped investor visas, and hostile regulation.
Many are joining global inflows to:
🇦🇪 UAE +9,800
🇺🇸 U.S. +7,500
🇮🇹 Italy +3,600
🇨🇭 Switzerland +3,000
🇵🇹 Portugal +1,400
🇬🇷 Greece +1,200
In a nomad economy, capital moves where it’s wanted.
Read the full report:
https://www.businessinsider.com/rich-used-to-flock-to-the-uk-now-theyre-fleeing-2025-6
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Imagine paying to read that article 🤣
