Replies (13)

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.
Susie Violet's avatar Susie Violet
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?
View quoted note →
SimOne's avatar
SimOne 6 months ago
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!
Henry's avatar
Henry 6 months ago
Gertcha. When Labour has fucked the economy. Gertcha. 😁
Zaikaboy's avatar
Zaikaboy 6 months ago
No one in government cares Suze
PAKES's avatar
PAKES 6 months ago
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: View quoted note →