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Tax hike on millionaires actually cost the UK £7 billion

Discussion in 'Current Events' started by Norm Stansfield, Nov 28, 2012.

  1. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    That's in government revenue alone, it doesn't count the loss of economic growth and job opportunities resulting from the exodus of high earners.

    http://www.telegraph.co.uk/news/pol...aires-left-Britain-to-avoid-50p-tax-rate.html


     
  2. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Silly Britards.
     
  3. mills

    mills I'll give em a state, a state of unconsciousness

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    The only way to sing to that song

     
  4. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    In other news, investors and corporations are preparing for the coming US tax hikes thusly:

    http://www.cnbc.com/id/49993082

    This article doesn't address the capital gains tax, but that is even more certain to result in loss of revenue. That's two major tax hikes Obama is hoping for new revenue out of, that are just not going to happen.

    I have a feeling that in two years, this thread is going to be about the US, not stupid Britain.
     
  5. mills

    mills I'll give em a state, a state of unconsciousness

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    (Wait was the wrestlefag song a parody of that one? I so do not care about the beatles.)
     
  6. Ballbuster1

    Ballbuster1 In The Danger Zone...
    Wackbag Staff

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    I would most certainly agree. If you have that kind of money then you
    have the ability to move it or yourself around to avoid the taxes.
     
  7. KRSOne

    KRSOne Registered User

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    Doesn't this already happen in the US? NY raises taxes and they predict they will receive 4 billion because of the new taxes but they always end up losing more. A lot of people just move to Florida. The Fabien socialists want to destroy the world economy and bring in pure socialism as the fix so you will have no place to run. Commies take over by military force, Socialists take over by propaganda and legislation.
     
  8. OccupyWackbag

    OccupyWackbag Registered User

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    I can't disagree with this.
     

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