“In America they applaud people who create wealth,” Sir Jim added. “Unfortunately the UK has got a bit of a green eye towards wealth at the moment.”

Rachel Reeves axing of the “non-dom” system, a status that allowed individuals to only pay tax on income generated in the UK, is blamed for many of the exits.

I say good riddance. Most of them were tax dodgers who likely weren’t paying much tax anyway.

Whole you’re at it, tax people who own stuff in the UK from abroad too, so that they can’t profit from abroad.

Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.

  • Flamekebab@piefed.social
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    1 month ago

    Create wealth? If you’re not putting most of it back into the system, you’re not creating wealth, you’re hoarding it.

    Parasite.

  • atro_city@fedia.io
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    1 month ago

    If he left and sold all his property, then that would’ve been great, but there’s nothing here that says he’s sold shit. He’s only moved his legal residency to Monaco.

    We still need a #WealthTax

  • Piatro@programming.dev
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    1 month ago

    the latest among several

    Oh fuck guys there’s been SEVERAL of these departures, better lower taxes to bring them back immediately! Jesus god what will we do without “Sir Jim”?! God help us all.

    • djdarren@piefed.social
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      1 month ago

      If they don’t want to pay higher (fairer) taxes, then it stands to reason that they almost certainly pay as little tax as they can. So what, exactly, will we miss when they leave?

  • Rothe@piefed.social
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    1 month ago

    people who create wealth

    People who create wealth for themselves and nobody else, in fact they take it away from all others. They deserve no respect, only guillotines.

  • TrackenDaKracken@lemmy.world
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    1 month ago

    “In America they applaud people who create wealth,”

    No, we fucking don’t. The filthy rich in America applaud people who steal from the poor, just like the world over.

  • AlloyAhoy@lemmy.ml
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    1 month ago

    Its geuinely disgusting, seeing the joy on their faces, and then the lined up servants, other human beings, made to stand and dress and act in a certain way, for the whims of the wealthy.

  • mannycalavera@feddit.uk
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    1 month ago

    Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.

    Yes the government should increase their wealth tax, no questions about that…

    But Millionaires And Co. could also start a fund and plough their wealth into that. They probably have access to top notch accountants that could maximise the value of this fund. They don’t need to wait for the government to do it for them. Just do it!