UK Exodus of Millionaires Highlights Concerns Over Labour’s Tax Policies

[James105]

4 minutes ago, Chomper Higgot said:

The most effective way to address growing wealth inequality is to reverse ‘trickle down economics’.

 

 

So your problem is with capitalism?  Any suggestions of which successful communist/socialist country the west should try to emulate to deal with this problem?  Note: Sweden / Denmark / Norway are not and continue not be socialist countries.  

 

Or perhaps the problem is with your perception and the diet of misinformation you consume.  In every conceivable metric (despite some rich people getting richer) living standards have risen, people are living longer and poverty has decreased.  People living today have higher living standards than people who lived 50/100/200/500 years ago.  How do you explain that?     

[KhunHeineken]

22 minutes ago, James105 said:

Lets say 50% of them do and then that removes 15% of the tax income for the country. 

Most millionaires pay no tax.  They hide behind trusts, companies etc, etc.  All legal, but at the end of the day, and many other countries are the same, the wealthy do not pay their fair share.   

[PomPolo]

20 minutes ago, proton said:

The trouble with socialism is that you eventually you run out of other peoples money- The last decent PM we had

This is my favourite and the most accurate post in the Topic!

[KhunHeineken]

14 minutes ago, James105 said:

In every conceivable metric (despite some rich people getting richer) living standards have risen, people are living longer and poverty has decreased.  People living today have higher living standards than people who lived 50/100/200/500 years ago.  How do you explain that?

Advances in technology, and medical treatments.  Also, generous welfare systems. 

 

50 years ago, if you didn't work you would starve to death.  Now, the government pays you to be unproductive, and who picks up the bill, not the rich, it's the middle class who work hard and struggle to pay the bills.   

[PomPolo]

Why did the socialist refuse to play Monopoly?
Because every time they passed "Go" they had to give away their $200 until the bank went bust!

[Nick Carter icp]

2 hours ago, MalcolmB said:

I left last year.

Heavy taxes were not the reason.

Heavy women with bad attitudes and the depressing weather were the main reasons.

Thailand gives me a better lifestyle in nearly every way

 

  How does that fit in with thread topic ?

[Nick Carter icp]

1 hour ago, KhunHeineken said:

Most millionaires pay no tax.  .   

Provide a Link please 

[Chomper Higgot]

9 hours ago, proton said:

The trouble with socialism is that you eventually you run out of other peoples money- The last decent PM we had

The trouble with trickle down economics is eventually all the money ends up with a tiny hyper wealthy minority while the majority are left fighting over scraps as society falls apart.

 

Privatized profits, socialized costs.

 

It’s happening now in real time.

[BritManToo]

10 hours ago, MalcolmB said:

I left last year.

Heavy taxes were not the reason.

Heavy women with bad attitudes and the depressing weather were the main reasons.

Thailand gives me a better lifestyle in nearly every way

But you're from Australia!

I thought the Oz weather was quite good?

[Chomper Higgot]

10 hours ago, James105 said:

 

So your problem is with capitalism?  Any suggestions of which successful communist/socialist country the west should try to emulate to deal with this problem?  Note: Sweden / Denmark / Norway are not and continue not be socialist countries.  

 

Or perhaps the problem is with your perception and the diet of misinformation you consume.  In every conceivable metric (despite some rich people getting richer) living standards have risen, people are living longer and poverty has decreased.  People living today have higher living standards than people who lived 50/100/200/500 years ago.  How do you explain that?     

No my problem is with neoliberalism and trickle down economics. 
 

In the post war period capitalism  delivered consistent improvements in the life and welfare of working people, massively expanded the middle class and delivered consistent economic growth.

 

All that came to an end in the late 1970s with the arrival of Neoliberalism and trickle down economics, deliver by Regan and Thatcher.

 

Since then the welfare of working people has been on a consistent decline as the wealth and benefits built up in the post war period have been stripped out and handed to the hyper wealthy.

 

Accelerating wealth distribution to the benefit of the rich and collapsing public services, withdrawn work place benefits for the majority and the growth of the precariat.

 

So no, I have no problem with capitalism, refer my remarks on its post war period version, I am however not blind to the consequences of neoliberalism and trickle down economics.

 

For the record:

 

Living standards are falling and life expectancy is falling dramatically in poor areas.

 

https://www.independent.co.uk/news/uk/politics/uk-living-standards-fall-longest-60-years-records-began-economy-household-incomes-costs-energy-resolution-foundation-a8071146.html

 

https://www.bmj.com/content/377/bmj.o1056

[Chomper Higgot]

9 hours ago, KhunHeineken said:

Most millionaires pay no tax.  They hide behind trusts, companies etc, etc.  All legal, but at the end of the day, and many other countries are the same, the wealthy do not pay their fair share.   

I don’t think it’s correct to say most millionaires pay no tax, but the range of tax avoidance schemes available to the rich provide ample opportunity for taxes to be massively reduced.

 

Buying farms to avoid inheritance tax is an example.

[Chomper Higgot]

9 hours ago, PomPolo said:

This is my favourite and the most accurate post in the Topic!

I suggest focusing on not running out of your own money, or at least keeping an emergency reserve sufficient to pay your airfare home.

 

10 hours ago, PomPolo said:

Fair play yes income support, however I have no income in Thailand only my savings I have paid taxes all my life, who would be first in line to get money me, someone crossing the channel or a chav with 6 illegitimate children?

 

[JonnyF]

10 hours ago, Chomper Higgot said:

The most effective way to address growing wealth inequality is to reverse ‘trickle down economics’.

 

 

 

The UK is not ready for your communist utopia. 

[Chomper Higgot]

3 minutes ago, JonnyF said:

 

The UK is not ready for your communist utopia. 

I’m not surprised, I don’t have a ‘communist utopia’ you made that up.

 

 

[Chomper Higgot]

I wonder what the doomsters will make of this:

 

https://www.theguardian.com/business/2025/jan/20/uk-second-most-attractive-country-for-investment-survey-finds

[Chomper Higgot]

Richard Tice, deputy leader of Reform UK, has decided he’s joining the millionaire migrants.

 

In yet more evidence of hypocrisy killing irony, he’s on his way to a Muslim country.

 

I wonder if he intends to learn the language and integrate to the culture?

[JonnyF]

On 1/20/2025 at 3:06 AM, Social Media said:

Since the general election was announced, a remarkable trend has emerged in the United Kingdom: one dollar millionaire has departed the country every 45 minutes.

 

Don't worry, I'm sure Starmer has a plan to replace these millionaires with many times that amount of cultural enrichers.

 

[James105]

6 hours ago, Chomper Higgot said:

I wonder what the doomsters will make of this:

 

https://www.theguardian.com/business/2025/jan/20/uk-second-most-attractive-country-for-investment-survey-finds

 

They would probably say that the survey this report was based on was carried out prior to the anti-growth budget and on that basis is completely inaccurate.   Not surprising that the Guardian missed out this crucial detail.   

 

 

https://www.pwc.com/gx/en/news-room/press-releases/2025/pwc-2025-global-ceo-survey.html#:~:text=About the 28th Annual,proportionally to country nominal GDP.

[The Cyclist]

2 hours ago, Chomper Higgot said:

Richard Tice, deputy leader of Reform UK, has decided he’s joining the millionaire migrants.

 

Have you got a link to that ?
 

Or are you confusing Richard Tice with his long term partner Isabel Oakeshott ?

 

Easy mistake to make, for those that struggle to define what a man or a woman is.
 

 

[Chomper Higgot]

6 minutes ago, The Cyclist said:

 

Have you got a link to that ?
 

Or are you confusing Richard Tice with his long term partner Isabel Oakeshott ?

 

Easy mistake to make, for those that struggle to define what a man or a woman is.
 

 

Since you mention his girlfriend, Oakeshott, ‘The Poke’ came to mind:

 

https://www.theguardian.com/uk-news/2025/jan/18/reform-deputy-leader-richard-tice-splitting-time-between-skegness-and-dubai-after-partner-leaves-uk

[The Cyclist]

1 minute ago, Chomper Higgot said:

Since you mention his girlfriend, Oakeshott, ‘The Poke’ came to mind:

 

https://www.theguardian.com/uk-news/2025/jan/18/reform-deputy-leader-richard-tice-splitting-time-between-skegness-and-dubai-after-partner-leaves-uk

 

Is that your link to back this up ?
 

2 hours ago, Chomper Higgot said:

Richard Tice, deputy leader of Reform UK, has decided he’s joining the millionaire migrants.

 

This seems pretty normal to me

 

Quote

The couple are still very much “an item”, both insist, and are now seeing each other whenever time and Emirates airlines allow. “She has been based out there for a few months … I occasionally go there and she ­occasionally comes here,” said Tice.

 

And you might want to ignore the next part

 

Quote

Oakeshott, who is working from Dubai as international editor at Talk TV and as a columnist for the Daily Telegraph, said that Labour’s “pernicious tax on private schools” prompted her to look elsewhere for the best places to educate her children. 

 

You should try reading and understanding articles before you post them.

 

It might stop you looking like a complete prat, on 2nd thoughts......

[Nick Carter icp]

2 hours ago, Chomper Higgot said:

Richard Tice, deputy leader of Reform UK, has decided he’s joining the millionaire migrants.

In yet more evidence of hypocrisy killing irony, he’s on his way to a Muslim country.

I wonder if he intends to learn the language and integrate to the culture?

 

   You seem to be making he claim that Richard Tice is leaving the UK to go and live in a Muslim Country .

   The truth is that Richards Tices girlfriend is living in Dubai and he will go and visit her occasionally 

  

[Bkk Brian]

On 1/20/2025 at 3:06 AM, Social Media said:

This sentiment is echoed by tax professionals and entrepreneurs. Rachel De Souza, a private client tax partner at RSM UK, noted that demand for relocation advice surged after the budget announcements, driven initially by non-doms and subsequently by British entrepreneurs. She remarked, “In virtually all cases, these entrepreneurs are citing the budget announcements as the reason for seeking to move.”  

Another budget balls up Rachel

[MalcolmB]

20 hours ago, Nick Carter icp said:

 

  How does that fit in with thread topic ?

I am a millionaire from the UK who left the UK last year.

[Chomper Higgot]

2 hours ago, The Cyclist said:

 

Is that your link to back this up ?
 

 

This seems pretty normal to me

 

 

And you might want to ignore the next part

 

 

You should try reading and understanding articles before you post them.

 

It might stop you looking like a complete prat, on 2nd thoughts......

I did read and I did understand.

 

[Nick Carter icp]

7 minutes ago, MalcolmB said:

I am a millionaire from the UK who left the UK last year.

 

   Bur this thread is about millionaires leaving the UK now because on Labours new policies .

   (BTW, the reference is to UK Pound millionaires , NOT Lao Kip millionaires) 

 

 

[Chomper Higgot]

2 hours ago, Nick Carter icp said:

 

   You seem to be making he claim that Richard Tice is leaving the UK to go and live in a Muslim Country .

   The truth is that Richards Tices girlfriend is living in Dubai and he will go and visit her occasionally 

  

Well yes, and she’s another one of the far right ranters against Muslims.

 

I wonder if she too is going to learn the language and adopt the local culture?

[Nick Carter icp]

4 minutes ago, Chomper Higgot said:

Well yes, and she’s another one of the far right ranters against Muslims.

 

I wonder if she too is going to learn the language and adopt the local culture?

 

  She is going there to work .,

She isn't going there to become a Dubian 

[Chomper Higgot]

11 minutes ago, Nick Carter icp said:

 

  She is going there to work .,

She isn't going there to become a Dubian 

She’s still an immigrant.

 

(Emirati)

[Nick Carter icp]

3 minutes ago, Chomper Higgot said:

She’s still an immigrant.

 

(Emirati)

 

   Does She oppose people going to the UK to work with working visas ?