“An estimated $160 billion in collective wealth has left the United Kingdom over the past two years as a wave of ultra-wealthy individuals and billionaire families relocated or loosened ties with the country, according to data from the Bloomberg Billionaires Index. The Cause: The exodus is largely driven by major tax policy shifts, including the abolition of the non-domicile (non-dom) tax status, higher capital gains taxes, and proposed levies on worldwide inheritance and private market profits.” Google AI
“In John Healey’s first budget this week, we will finally get a sense of the economic policies that will deliver Andy Burnham’s pledge to end neoliberalism. Or will we? Capital gains tax equalised with income tax? Ruled out. A genuine wealth tax on those sitting on over £10m? Off the table. Even the briefed increase in the banking surcharge only takes us back to where it was until the Conservatives cut it in 2023.” Guardian UK. By the time the poor UK people of color have chased out all of the rich UK people of white color the UK poor peasants of color will be eating the rich peasants of color left behind!
And that is all I’m going to say about that!
