Emeritus Prof Christopher May on Nostr: The argument that the #rich would just up sticks & leave the UK if they were taxed ...

The argument that the #rich would just up sticks & leave the UK if they were taxed more heavily, would seem to be built on sand....

Sure, they might say they'll leave when talking to their mates in #politics, but when push came to shove they might actually just pay up....

If true, this should reshape our views of what is possible around #wealth taxes!

https://www.theguardian.com/money/2024/jan/22/super-rich-would-not-leave-uk-tax-reasons-survey