United Kingdom
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
view the rest of the comments
That millionaires leaving in droves myth is always trotted out in these debates.
The very institute that was perpetuating the idea recently rescinded their own report because the UK is making millionaires at 10x the rate they are leaving. But of course that’s not reported on.
Plus, again, the ultra rich operating on a global scale don’t pay taxes anyway, so good riddance.
Did all the millionaires leave when taxes were incredibly high compared to today’s standards? And again we’re talking progressive taxation. Only income above a certain threshold would have a higher rate applied. They won’t notice it. They literally are just fighting it because they can.
Many UK millionaires only speak English and don’t want to uproot their lives to save a tiny amount on taxes (the S&P500’s returns will always make up for whatever tiny additional percentage we might tax the rich).
It’s so silly to think that there’s this millionaire flight. By now we wouldn’t have any left.
Oh and conveniently it’s happening in all other countries too. So where are they going, space? Antarctica? It’s propaganda for the stupid.