Osvaldorama

No, you’ve said that. I’ve said that Britain is now unattractive to wealthy people, regardless of their status. My argument is that taxes are too high. Plain and simple. And your suggestions are really bad. “More taxes” clearly isn’t the answer. We are at the point where more tax rises will actually reduce overall tax revenue for the government because people are leaving at a faster and faster rate. Re-joining the EU (a sinking ship) won’t help either. Why do people still have a hard-on for that nonsense?

That’s OK then!

Birmingham's benefits bill: £4.1bn. Annual cost of operating the UK's nuclear deterrent: ~£3.7bn.

Despite the fact the tool pulls from the governments official data. Nice.

He’s not going to shag you mate

Stop moving the goalposts and answer. £2.5-£4.5billion annually is now being lost, because of the changes. Historical churn has risen from 4% on average, to 12-16% this year How does the void get filled?

Estimated losses: £1.5-2.5billion per year in direct losses. Low estimate. £1-2bn in CGT SDLT losses: £400-500mil VAT: £300-600mil Just from these departures, not even factoring in the exponential curve of wealthy people leaving as the country declines I ask again, how, in your fantasy land where wealth doesn’t matter, do you intend to fill this void?

Sure, pal. Tell me - if £100bns in capital and billions in tax revenues are upping sticks, how will the goverment continue to fund their relentless expansion of the welfare state? You obviously don’t see it as an issue at all, so how do you intend to fill the void?

Are you really trying to equate punishing fraud with a punishingly high tax regime?

LOL. Man who thinks billionaires “don’t pay any taxes” trying to pretend he has won a debate. Not a serious person at all.

The wider point I was making is that the UK is increasingly seen as hostile to businesses and entrepreneurs. If you don’t think these people leaving is a disaster for the country, then you’re not a serious person. Which you obviously aren’t.

I’m guessing you’re ok with the welfare bill going up 20-30% per annum in some places then?

Useful tool here, created by the taxpayers alliance, allows you to check the benefits and welfare bill costs by area: https://benefitsdata.uk/mybill Some of the data is absolutely shocking. Taxpayers are being completely fleeced.

You know as well as I that it’s very difficult to predict an exact figure. The average income tax paid is £120-150k per departing non-dom. From that, economists predict at least £2bn, but then you can add in Stamp duty losses, CGT losses, VAT losses etc. etc. Plus there is the very real implication that the UK is now seen as a punitive place to do business globally.

“weren’t paying any tax” So they didn’t own any property, buy any products, go to any restaurants, employ any staff then?