British millionaires' response to tax hikes

Canada? Some island in the caribbean, how the hell do I know. What difference does it make if they're gone or even if they didn't leave, if they are not investing here. The thing you leftwing idiots don't get is that changes in the tax rates will affect behavior. We incentivized home ownership by cutting your taxes if you buy a home; in effect your tax rate was reduced. Similarly, if you raise tax rates you disincentivize wealth creation here at home; in effect you are encouraging the rich folk to go elsehwere or at least invest their money elsewhere.

evidently you have no knowledge about the history of tax rates and wealth building.


Evidently I know more that you do, since you haven't said jack squat so far. How about you say something intelligent rather than taking potshots from the weeds?

High taxes did not stop American companies from making a profit after WWII until the '60's.
High taxes did not stop American companies from making a profit during the Reagan-Bush jr years.
 
I thought you liked Robbers, I mean investors, who sucked trillions out of the economy 4 years ago. All that wealth vanished but it was barely a bump in the road for the rich and some really cashed in. I am tired of the rest of us absorbing their losses, their tax burden, their recklessness and not being able to expect a thing in return. No more socialism for the rich, they are attacking the welfare state for the poor, we have every right and the responsibility to throw that shit right back at them.

Investors don't rob people. They build them up. They create. Nor do they get any money through the use of force, only by voluntarily providing resources to people.

You on the other hand are a robber. You want to take money from people by force. Idlying through government seizure. But if that doesn't satisfy you, you have no problem violently murdering them for their wealth in true mob fashion.

What's sad is you don't even see this.

Oh and they pay more than their share of the tax burden.

What's sad is that you still love and trust these people who ruined us and still refuse to share a tiny bit of the pain they inflicted on the rest of us. These so called captains of industry ran us into the rocks and now want to sink all the lifeboats.
You need to bone up on some reality.

It was NOT the Captains of Industry. It was the Aristocracy of Government that ran this ship aground. Industry cannot make law. Your rulers can, however.
 
What's sad is that you still love and trust these people who ruined us and still refuse to share a tiny bit of the pain they inflicted on the rest of us. These so called captains of industry ran us into the rocks and now want to sink all the lifeboats.

And why shouldn't I love and trust my fellow man? Why should I hate someone simply because they make more or less money than I do? Why should I let that separate us?

And, no. Robbers like you have run us into the rocks. How do you destroy civilizations? By lying to them.
 
High taxes did not stop American companies from making a profit after WWII until the '60's.
High taxes did not stop American companies from making a profit during the Reagan-Bush jr years.

It only stops the poor and so called lower/middle classes from becoming wealthy. Which is exactly why many of the wealthy want tax rates increased. It protects their power base
 
Many on the left, including Warren Buffet in a recent NY Times op-ed, believe that tax hikes on the top 1% will not hurt the economy. Consider the following:

snippet:

" The year after former Labour Prime Minister Gordon Brown introduced a 50 percent top income tax rate, the number of people filing as millionaires dropped 63 percent, from 16,000 to 6,000. Tax revenue also declined by nearly £7 billion.

No single reason explains the drop. Some millionaires probably earned less money due to the slow-growing European economy, or they may have simply worked less. Others may have shifted the timing of their income or moved it to less-taxed forms. Still others might have physically left the country. "

Whatever the reason, the result is the same - many of the most productive people who are in the best position to invest or startup new businesses will not do so. Some left, some didn't, either way the British economy is suffering as a result. And we're seeing the same thing in France, Spain, Italy, Greece, etc. I'm not saying it's just the taxes, there are other reasons; but if you want economic growth and more jobs, raising taxes ain't the way to do it.

The current tax hikes that will be effective on the first of January amount to over $500 billion dollars; more if you add in tax increases at state and local levels. I don't know how anyone can expect to hammer people that hard without consequences. I've said in many times, money flows to where it gets the most return for lower risk. For a lot of people, that place isn't going to be the USA. And that's not just Americans who won't invest here at hme, it's also foreign investors who won't invest here either.

Warren Buffett Wrong on Tax Increases, British Millionaires Prove

It's a big mistake to look at first year results of tax increases because everyone takes a big hit in the previous year when tax rates were lower. This is not unusual at all. To get a better understanding, you need to look at the long term effects of the tax increase, not just the first year.

As for millionaires in the UK, their population is on the rise also.

Wealth on the rise: UK population with £5m grows by 19% according to new report - News - About us - Barclays
 
Canada? Some island in the caribbean, how the hell do I know. What difference does it make if they're gone or even if they didn't leave, if they are not investing here. The thing you leftwing idiots don't get is that changes in the tax rates will affect behavior. We incentivized home ownership by cutting your taxes if you buy a home; in effect your tax rate was reduced. Similarly, if you raise tax rates you disincentivize wealth creation here at home; in effect you are encouraging the rich folk to go elsehwere or at least invest their money elsewhere.

They can shove off for all I care if they are no longer interested in investing in their own country. Seems their investments have been going elsewhere already even though we gave them tax cuts all over the place over the last thirty years. America is more than capable of rebuilding ourselves without them.

Gonna be a lot harder though if the incentives to to start or expand a business here are reduced. Hard to believe you can't see that.

He can't see it because he blames all the ills of the country on the "evil" Rich.

Seems he bought into Barry Boys class warfare BS.

I wonder just who he thinks would be paying that 60% of the Fed taxes that the rich pay if they were all suddenly gone?

Of course numbnuts can't think that far.
 
Bullshit, we did pretty awesome with the Clinton era tax rates and can again, the rich should be happy we are not so infuriated with the lack of prosperity actually trickling down that we do not drag them out for tar and feathers.

If you believe high tax rates equals a booming economy you are an idiot.
I'm sure you got this talking point from MSNBC....
Clinton had the benefit of the Dot com bubble...
 
Bullshit, we did pretty awesome with the Clinton era tax rates and can again, the rich should be happy we are not so infuriated with the lack of prosperity actually trickling down that we do not drag them out for tar and feathers.

holy cow, THE RICH should be glad you are not infuriated..
you are we see, and then turn around and vote for them to Represent you..that always cracks me up
 

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