I do agree I think the leaving bit may be overblown but ..

I think it's worth noting that mobile rich people who have a choice are unlikely to choose the UK in the future.

I think it would be an interesting study to look back over the longer term.

I think you mentioned the study just looks at taxation which the rich are brilliant at not paying because they can afford brilliant lawyers and accountants to do what the average person cannot.
Does the study look at the money they spend while here and the jobs they create. This could be the real net negative.
If they employ someone they can write them off their taxes but the employee pays taxes so indirectly the rich person has paid the employees taxes.

Also does it look at indirect taxes such as VAT which high spending rich people pay a lot of?

If the question is....are rich people a net positive or negative on the economy...thats far more relevant and interesting.

Posted By: usacanary on June 28th 2025 at 14:28:05

Message Thread

NBTTT: The impossibility of taxing the rich (General Chat) - Under soil heating, Jun 28, 12:06:21
- I’m a raging capitalist, from the poorest (but loving) background you could imagine. (General Chat) - BINMEN8R, Jun 28, 17:24:52
  - Most rich people have wealthy parents and families. Not all of course but most (n/m) (General Chat) - footymadman, Jun 28, 20:37:22
  - Sorry, but that’s bullshit. (General Chat) - Snakepit Divorcee, Jun 28, 19:06:51
    - A lot of these "hard working people" .... (General Chat) - usacanary, Jun 28, 21:43:34
      - Read my post again. (General Chat) - Snakepit Divorcee, Jun 28, 23:22:12
  - I agree with that. Hard work and success shouldn't be punished. (n/m) (General Chat) - shoddy, Jun 28, 18:17:02
  - Yep, same here. (n/m) (General Chat) - usacanary, Jun 28, 17:56:06
    - I've known a few multi millionaires over the years (General Chat) - Men without hats, Jun 28, 18:06:20
- The problem with your friend Arun Advani (General Chat) - JoeyDeacon, Jun 28, 14:40:10
  - Any argument can won with this method (General Chat) - Lentil Weaver, Jun 28, 15:55:07
    - The entire Wrath is often a left wing echo chamber (n/m) (General Chat) - JoeyDeacon, Jun 28, 16:03:25
      - Hahahahahahahahahahaha (n/m) (General Chat) - jamesward, Jun 28, 17:25:21
      - You are joking? (General Chat) - Snakepit Divorcee, Jun 28, 17:01:02
  - Great to see how open minded you are JD. (General Chat) - Under soil heating, Jun 28, 15:05:18
    - I will engage with you - and I don’t wish to come across as argumentative (General Chat) - JoeyDeacon, Jun 28, 15:24:39
      - Oh, and to answer your question on what I do (General Chat) - Under soil heating, Jun 28, 16:28:36
        
        I guessed it was finance related (General Chat) - JoeyDeacon, Jun 28, 16:33:53
        
        Understood, and totally respected! (n/m) (General Chat) - Under soil heating, Jun 28, 16:37:22
      - Thanks for the civil tone - I appreciate it. (General Chat) - Under soil heating, Jun 28, 16:22:20
        
        I think as human beings we always attach ourselves to views that mirror our own (General Chat) - JoeyDeacon, Jun 28, 16:43:11
        
        As a CS I'd just like to say re: pensions (General Chat) - Cardiff Canary, Jun 28, 17:22:36
        
        I have both a private pension and a civil service final salary. (General Chat) - Men without hats, Jun 28, 18:24:04
        
        Well I didnt think I'd ever find myself saying this, but... (General Chat) - Under soil heating, Jun 28, 16:50:37
        
        Enjoyed it - thank you too (n/m) (General Chat) - JoeyDeacon, Jun 28, 16:56:13
  - thats embarrassing (n/m) (General Chat) - ghostof barry butler, Jun 28, 14:54:17
    - It is, but not for the reasons you think. (n/m) (General Chat) - Under soil heating, Jun 28, 15:05:41
- Who do you count as rich? How would you set a wealth tax? (General Chat) - Kangol Canary, Jun 28, 14:31:15
- I do agree I think the leaving bit may be overblown but .. (General Chat) - usacanary, Jun 28, 14:28:05
  - Would you start a business in a country with a wealth tax? (n/m) (General Chat) - paulg, Jun 28, 16:07:51
  - It’s strange that the target of certain people’s resentment is rich people (General Chat) - JoeyDeacon, Jun 28, 14:44:36
    - Everyone needs to ask whether they're contributing (General Chat) - paulg, Jun 28, 16:08:55
      - Years ago there was a stigma in being a non contributor (n/m) (General Chat) - JoeyDeacon, Jun 28, 16:17:30
        
        There was a time (General Chat) - paulg, Jun 28, 16:23:50
        
        Before Thatcher destroyed our manufacturing industry (n/m) (General Chat) - jamesward, Jun 28, 16:52:17
        
        Shame there are so few jobs opportunities available nowadays (n/m) (General Chat) - paulg, Jun 28, 18:07:52
  - Good questions (General Chat) - Under soil heating, Jun 28, 14:41:29
    - There are many companies out there .. (General Chat) - usacanary, Jun 28, 17:03:26
- “The Great Millionaire Migration (That Mostly Didn't Happen)” (General Chat) - Tombs, Jun 28, 13:19:23
  - THIS (General Chat) - Kev, Jun 28, 15:25:21
  - The post I should have written (n/m) (General Chat) - Under soil heating, Jun 28, 14:03:09
  - So this defo won't presumably (General Chat) - paulg, Jun 28, 13:27:46
    - Not sure that link worked... (General Chat) - paulg, Jun 28, 13:33:18
- Are there any examples of it having been used successfully? (n/m) (General Chat) - paulg, Jun 28, 13:03:32
  - Many (General Chat) - SenatusAcademicus, Jun 28, 13:28:37
    - Higher tax or wealth tax? (n/m) (General Chat) - paulg, Jun 28, 13:31:28
      - USA post war was income (n/m) (General Chat) - Legacy Fan, Jun 28, 14:13:43
        
        Income tax. 91% too bracket 😳. (n/m) (General Chat) - Legacy Fan, Jun 28, 14:14:11
        
        Post war countries are very different (General Chat) - paulg, Jun 28, 16:06:27
- The Invisible Doctrine by George Monibot is also worth reading on the topic as a whole. (General Chat) - SenatusAcademicus, Jun 28, 12:28:53
- Too many words (General Chat) - Augustus Pablo, Jun 28, 12:15:33

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