There’s a long-believed attitude in venture capital where they believe the reason why there are so few British billionaires is because many people will have a great idea, cash out, and then sit on their wealth once they’ve accumulated enough for a fancy lifestyle for their family. In America, the attitude is towards being a serial entrepreneur, where one success leads from another.
It’s a long-winded way of saying that to many UK businesses, they probably don’t give a fuck if some millionaires decide to fuck off. Get rid of the fancy property they own in Devon/Cornwall, sell their London property, and tell them to GTFO. They’re probably barely paying any tax, barely contributing to local economies, and are just a drain on the system.
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There’s a long-believed attitude in venture capital where they believe the reason why there are so few British billionaires is because many people will have a great idea, cash out, and then sit on their wealth once they’ve accumulated enough for a fancy lifestyle for their family. In America, the attitude is towards being a serial entrepreneur, where one success leads from another.
It’s a long-winded way of saying that to many UK businesses, they probably don’t give a fuck if some millionaires decide to fuck off. Get rid of the fancy property they own in Devon/Cornwall, sell their London property, and tell them to GTFO. They’re probably barely paying any tax, barely contributing to local economies, and are just a drain on the system.
and 0% of that 47% actually will
Shame. Society would be better off if they did.
As an American, please don’t let them come here. We have enough dumb rich idiots.
then let them leave and tax them as foreign investors.
Good. Leave. Their assets and what we want are still here, and they can’t take them. We’ll have them.
https://youtu.be/luobN4xGOdA
Time to install an “Exit Tax” like the US uses.