Super-rich prepare to leave UK 'within minutes' if Labour wins election

[turbinetree]

Wealthy see potential taxes imposed by Jeremy Corbyn as bigger threat than Brexit

The super-rich are preparing to immediately leave the UK if Jeremy Corbyn becomes prime minister, fearing they will lose billions of pounds if the Labour leader does “go after” the wealthy elite with new taxes, possible capital controls and a clampdown on private schools.

Lawyers and accountants for the UK’s richest families said they had been deluged with calls from millionaire and billionaire clients asking for help and advice on moving countries, shifting their fortunes offshore and making early gifts to their children to avoid the Labour leader’s threat to tax all inheritances above £125,000.

The advisers said a Corbyn-led government was viewed as a far greater threat to the wealth and quality of life of the richest 1% than a hard Brexit.

Geoffrey Todd, a partner at the law firm Boodle Hatfield, said many of his clients had already put plans in place to transfer their wealth out of the country within minutes if Corbyn is elected.

https://www.theguardian.com/news/2019/nov/02/super-rich-leave-uk-labour-election-win-jeremy-corbyn-wealth-taxes

Typical vulture capitalist blood sucking assholes..........................they make everyone else pay for there shit that they don't pay for in the first place and then whine that if they have to pay taxes........................that they will leave................fucking go..................don't let the door hit you in the ass......................

[StClone]

1. Bum kick as they exit.

Last edited Sat Nov 2, 2019, 09:48 PM - Edit history (1)

Real Royal Brits they be. We got that same scum in the U.S. "God Save the Queen."

[customerserviceguy]

2. The same will happen here

if Sen. Warren wins. The uber-rich aren't going to hang around for a six percent annual wealth tax.

[klook]

3. Let's turn their mansions into schools

and medical clinics.

[customerserviceguy]

4. Oh, they'll sell them

at fire-sale prices, to the merely rich, who will be next in line to pay the wealth taxes. It will continue until the middle class gets nicked. Of course, there are people here who think that a married couple making $100K a year is rich, so I guess that will be fine by them.

[klook]

22. Or to billionaires from other countries

looking for investment opportunities in the U.S. of A.

[TexasBushwhacker]

5. What have they done for anyone lately?

I don't know of any billionaire who went broke because of taxes, in no small part because they always seem to make more than the taxes they pay. The wealthy get wealthier while the rest of us fight for crumbs.

Warren will have to get the taxes passed in Congress and that will be a challenge.

[customerserviceguy]

6. Admittedly

not too much, but if they did, then the British experiment will tell us what the possible consequences are.

Yes, as President, Elizabeth Warren will face major hurdles in both Congress and the Supreme Court (remember, we had to have a Constitutional amendment to tax incomes) but it doesn't mean that the wealthy won't bug out.

[TexasBushwhacker]

7. Any place that's a decent place to live is going to have high taxes

Because you have to have taxes to make the place a good place to live.

[customerserviceguy]

9. Not if you and others like you

buy your own island, or buy the government of such a place. Without having to pay for a worldwide police force disguised as defense spending, welfare, or other costly things, taxes can be cheap if all you need is a modest navy.

[rockfordfile]

11. That's because they're traitors to their country

[Garrett78]

12. 2 main reasons why a wealth tax hasn't worked in some European countries:

1) Too many exemptions.
2) It didn't follow the wealthy when they left the country in which the tax was imposed.

Both of those problems are avoidable. And legal scholars say a wealth tax would be constitutional, in spite of arguments to the contrary.

The problem is that the only way to get a wealth tax put in place would be by executive order, and the backlash would be enormous. Millions of ignorant, poor white people would be somehow convinced that Warren should be burned at the stake for imposing something that would actually help them.

[tenderfoot]

21. Judging from the past 40 years, they have no intention of having their wealth trickle down either

[I_UndergroundPanther]

8. I hope

One day the rich scumbags will have no place they could run to to avoid taxes. And what they owe from exploiting humanity.

[customerserviceguy]

10. They'll always

be able to afford some enclave where they can say "suck it" to the rest of the planet.

[smirkymonkey]

13. Does anyone remember that scene from Dr. Zhivago where the peasants occupy

the homes of the wealthy? I don't know what my point is but I was just thinking about it.

[moondust]

15. Nationalize their assets?

[PSPS]

14. They trot this story out around most UK elections. It's nonsense, of course.

[KentuckyWoman]

25. I wish it were true.

It would do my heart happy to see them have a snit because the free ride is over and end up stuck on their yachts out in international water because every country in the world tells them to scram.

I know... wild dreams.

[Initech]

16. Can we make it so they can't come here?

The super rich are sending us their best people. They're rapists, they're murderers, they're criminals. And some, I assume, are good people.

[Skittles]

17. GOOD

[dalton99a]

18. Go, leave, scram

Perhaps the British should try the French mechanical device

[KY_EnviroGuy]

19. Honestly, who gives a shit beyond a few rich bankers?

Do the Tories think the wealthy withdrawing their assets will make a tinker's damn to the working British masses?

Like tRump leaving New York, good riddance!..........

[NCLefty]

20. Such patriots.

[maxrandb]

23. The French had a way to deal with these fucksticks

I'm just saying...

[KentuckyWoman]

24. "Let him go to Florida. It's not like he bothers to pay any taxes here anyway."

The vast majority of Billionaires are freeloaders. Moochers. From helping to pay for roads and schools like everyone else, right down to today's lunch.

And it isn't even Billionaires. I used to do taxes for affluent small business owners. Family LLC types that did well enough to be worth multi millions on paper. As a whole they are selfish greedy assholes who would figure out how to make the blender they bought for one of their kids tax deductible.

[gab13by13]

26. Phil Mickelson, the golfer,

said the same thing when California raised taxes on the rich. I'm pretty sure he still lives there. He got a lot of blowback also for his comments.