Originally posted by 44soulslayer
FYI from the inside, this is already happening.
I know of at least 5 of my friend's parents leaving the UK due to tax laws becoming unfavourable. Even just those 5 families leaving will leave a tax
hole of over £10m a year. 60,000 more are estimated to follow in this fashion over the next year.
You want these "fat cats" that you hate so much out? OK, do what the UK did and enact restrictive tax laws. Then watch all of them leave... Lets see
how long your country lasts without them.
"All leave"? Do you really think they will "all" leave? Honestly?
The UK is already suffering. If the US follows suit, both will lose whatever hold they have on the world economy. The exodus of wealth from the
USA and UK to Middle east and the emerging markets is only just beginning.
And here lies the rub. The UK is
already suffering and why is the UK already suffering? I know from other threads, you're predisposed to
supporting or at least defending CEOs, but these people have a significant place in all of this. They are one of the reasons this mess is happening in
the first place. Trying to paint a future 'doom and gloom' scenario when/if these people leave seems a bit strange and pointless: the doom and gloom
scenario is already here and they're partly to blame.
You say that they will leave a tax hole when they go, but many of them are already in a tax hole as it is, these people exploit more loop holes than a
string vest. You talk about tax laws "becoming unfavourable" but to many, many little people, they've
always been unfavourable and
they
don't have the opportunity to stamp their feet and cry about a £250,000 bonus or even leave the country.