The Adam Smith think tank has revealed that the tax rate on non-doms could now cost the country £6 billion over the next decade in lost tax revenue, jobs, economic growth and investment.
In other news, the Pope’s a Catholic, bears relieve themselves in the woods and that is not Elton John’s real hair.
Who knew attacks on the foreign income of wealthy Brits would see them leave the country? It’s almost like they’ve got homes around the world, isn’t it? It’s almost like they’ve got private jets so they can, you know, fly somewhere else.
It’s almost like they can run their empires anywhere on the planet with a charged up laptop and a half decent broadband connection. I was going to say Talk Talk, but let’s not get carried away now.
Mark Dolan shared his view on Non Doms
GB News
Our arrangements with wealthy foreign individuals who have enriched this country and helped make it what it is today goes back 200 years. That’s right, the non-dom agreement is 200-years-old. We’ve thrown it away. By the way, disgracefully the Tories started it because they knew it was going to be a Labour policy.
The non-dom rule that we’ve had for 200 years is exactly why Britain has always been a haven for investment, a global hub, a financial honeypot. But now we are in the sticky stuff as we send a clear message to high achievers around the world.
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We don’t want you go and live in Paris, Milan, New York or the Emirates. Britain is closed for business. We didn’t even invite the world’s richest man, Elon Musk, to an investment summit. Make it make sense.
Why is all of this happening? Well, because we have foolishly decided to rekindle our relationship with socialism, which is a bit like going back to that dodgy ex of yours who slept with your best mate, made you miserable and spent all your money. But you’ve got quite fond memories of the sex.
What you didn’t do is you didn’t remember how dreadful the relationship was in the first place. This return to socialism will destroy our competitive edge with workers rights legislation, which will saddle businesses with extra costs and red tape and make it harder and more expensive for employers to employ people. We’re going back to the state running companies again. GB Energy and rail nationalisation.
Even though the state has proven to be the worst entrepreneur in history, disgraced banker Bernard Madoff is a veritable safe pair of hands compared to Whitehall officials trying to run a commercial enterprise.
Prime Minister Keir Starmer Getty
Nick Leeson, the man who closed down bearings, would do a better job. Bankrupt model and reality star Katie Price is like a financial wizard compared to these faceless pen pushers. Governments can’t run companies. The end.
It’s all a shame really, because most of us, myself included, largely agree with the goal of socialism. A fairer, more equal society. Everyone happy, everyone safe.
No one with too much, no one with too little. Good public services. A safety net for those who need it, but it’s how we get there that is the debating point.
Call me old fashioned but I would go for full throated capitalism which has seen billions of people lifted out of poverty.
Mark said “I would have taxes low enough to produce growth”
GB News
I would have taxes low enough to produce growth. National income is everything and tax is just high enough to keep the national bill paid. Jeremy Corbyn once warned that post Brexit Britain risked becoming a tax haven.
Singapore on Thames or a slightly rainy Dubai with drunk people. If only. What we need is freedom, enterprise, social mobility and aspiration.
A small but effective state where it pays to work and doesn’t pay not to. Where you can think what you think, say what you think. Only getting in trouble if you shoplift, punch someone in the face or murder them.
Wouldn’t that be nice? This. Instead we’ve got thought Police, another hallmark of leftist progressivism, whilst actual crime goes unpunished. Yes, socialism is back, folks, and the sex isn’t as good as you remember.