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Originally Posted by Sephiroth
Ah - but Ian kept it vague as to what he meant by wealth growing by £100K/year. So there's no real reference point.
Ian doesn't like the idea of people being wealthy and only paying a top rate of 45% tax. If those people have their tax increased, they'll leave, imo. The wealthy may well have big business here and I have no doubt that they would move those business to a lower taxation country.
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I’m not convinced the vast, vast, majority of higher earners in this country will have the skills or expertise to move abroad for a marginal tax advantage. Those that could have would have done so.