Britain: Tax Increases On The Rich Lead To&#8230;The Rich Fleeing The Country?

By John Hawkins
TPNN Contributor

One of the biggest mistakes liberals tend to make is assuming a static response from the people being taxed.

This is a big mistake, particularly when you’re talking about the rich. The rich — being rich — have lots of options. They can hire the best accountants to find loopholes, hire lobbyists to create loopholes, shift their money around to protect it from the tax man, stop working, and, yes, as the Britons are finding out, they can also JUST LEAVE.

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.

The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50p top rate will be reduced to 45p from next April.

Since the announcement, the number of people declaring annual incomes of more than £1 million has risen to 10,000.

However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis.

Last night, Harriet Baldwin, the Conservative MP who uncovered the latest figures, said: “Labour’s ideological tax hike led to a tax cull of millionaires.

Far from raising funds, it actually cost the UK £7 billion in lost tax revenue.

The bad news for the economy is that since those rich guys are leaving, they’ll be spending money like water, paying tens of millions in taxes and hiring people in another country. On the other hand, the good news for people who love class warfare is that since all those wealthy Britons fled the country, it’ll help reduce income inequality because there will be fewer millionaires at the top of the scale. So, by all means, raise that tax rate even higher instead of lowering it. Then maybe some of those millionaires will move here and we can suffer the scourge of inequality on Britain’s behalf in return for increasing the tax base and creating more jobs.

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http://www.facebook.com/dion.king.39 Dion King

In the United States it’s not about increasing revenue. It’s about getting “revenge” on the rich for “stealing” from the middle class. Ideologues, especially liberal ideologues, are idiots.
http://twitter.com/greenreportsmd Mike Daley

Is this news? Remember the Beatles song? Oh, that’s right, it was on that obscure LP, “Revolver.”
Kendall & Sapphire Apartments

Fly me to the moon.
http://www.facebook.com/jvanderspek Johannes van der Spek

no surprises here

NY city did the same – and the same thing happened

people who understand money know this

people who arrogantly think they have a right to other’s money can not grasp it’s a global earnings world
not a local taxation province
Banker Bailout For Failure

You must have missed the mass unemployment and tax dodging before the 50p rate came in
Ralph Cramer

And France is now having the same problem.
http://www.facebook.com/Macgizzard Bob Farber

WIJG : )
http://www.facebook.com/profile.php?id=1255953375 Donnelle Gar

10 Signs That You’re Fully Awake

Isn’t it obvious that there is a significant global awakening happening? Just as the Mayans predicted so many years ago, the apocalypse would become apparent in 2012. But many misinterpret the apocalypse to be the end of the world, when in fact it actually means an “un-covering, a revelation of something hidden.”

As many continue to argue the accuracy of the Maya
n calendar, it can no longer be argued that a great many people are finally becoming aware of what has been hidden from them for so long. Of course this awakening is not an overnight process. It takes time to peel away the many layers of lies to get to the core of the ultimate truths.

It would be beyond pretentious for us to claim to know all of the secrets of the universe. We don’t. Everyday we are humbled by what we don’t yet know.

However, it is becoming clearer by the day what isn’t true. And by that measure alone, it is possible to determine if you’re one of the people beginning to wake up.

Here are ten signs you may be fully awake:

1. You know there’s no meaningful difference between major political parties (Democrats and Republicans): It’s so easy to get caught up the left-right debate and believe there’s a difference between the two major political parties. However, debate is one thing, while actions are another. By their deeds you shall know them, and it is indisputable that there is no significant difference between political parties when it comes to action on the most important issues. Even hardened ideologues like John Cusack are beginning to wake up.

2. You understand that the Federal Reserve, or international central banking more broadly, is the engine of our economic problems: Debt slavery is the totalitarian force that threatens all of humanity, not some temporary political puppet or some greedy Wall Street trader. When a small group of people have the ability to create wealth out of nothing and charge interest on it, they have the ability to enslave the planet to their ownership despite what type of government a country claims to have.

3. You know that preemptive war is never necessary: When we realize that self-defense is the only acceptable form of violence, then we become awakened human beings. To suggest war because someone is different from you, or they may pose a threat in the future is simply ludicrous. And when did the idea of bombing civilians become humanitarian? No one wants war except for the immoral creeps that benefit from it.

4. You know that you’re being systematically poisoned, how, by whom, and why: Admittedly, there’s a lot to learn in terms of how we are secretly being poisoned. But the fact remains that we are being systematically poisoned, and it is likely for the deliberate purpose of dumbing us down and, ultimately, culling the population. Who could believe anyone is so evil to do that to innocent people, you may ask. Well, once you begin to seek the answer to that question, you’re one step closer to enlightenment.

5. You understand that government can never legislate morality, nor should they: When you realize the role of government is only to protect your liberty and work for the well being of the citizens, you’re awakened. There should be one simple law regulating morality: Do no harm. Thus, it’s impossible for the government to enforce morality with guns, cages, and taxes because those clearly cause severe harm to your liberty and our well-being.

6. You know that the mainstream media is wholly owned and manipulated by the ruling elite: A dwindling number of people still actually believe what they hear coming from the establishment media as if it’s gospel, even when they already accept that they are bought and paid for by the elite controllers. Yet, recognizing that they are nothing more than a propaganda machine and a form of mind control are the first steps in being able to critically think beyond the scientific messaging they broadcast.

7. You know that your neighbors are not your enemy even if you have fierce ideological disagreements: This is perhaps the most difficult thing to overcome in the awakening process. But it’s vital to understand that your neighbors have been indoctrinated and hypnotized like the rest of the us, until someone helps shine a light on inconsistencies in our thoughts and beliefs. Most of their ideas are not their own. They are suffering just like the rest of us. It’s okay to condemn their actions if they’re harmful, but those who are awake will not give up on spreading information that can enlighten those who might still be in the dark. None of us were born “awake” and all of us can learn even more.

8. You know that the endgame is one-world control of planet Earth: Once you understand that the endgame for the ruling elite is to have complete control of all vital facets of society through a global government, one-world currency, international armed forces, and so on, it is simple to see through the lies and propaganda surrounding even the most confusing world events. You will never go back to sleep when you fully accept this reality.

9. You recognize that there are esoteric powers manipulating our physical world: Whether you’re a religious or spiritual person, scientific or just plain curious, there are many theories about an invisible force at play in all of this. Obviously it’s impossible to prove exactly what it is. You may not want to believe it, but the ruling elite takes their occult rituals deadly serious. And they likely know something we don’t. Just by keeping an open mind about this possibility, you’ll forever keep an open mind about the things we can actually see, hear, taste and touch. Current science has shown that we can only “see” what the visible light spectrum reveals, which amounts to the tiniest fraction of all that can theoretically be seen within the full spectrum of energy. Part of any awakening is realizing that there is much more that is possible than impossible.

10. The power to change the world rests with you and you alone: For too long people have believed themselves to be weak, or relied on others to change the world for them. You’ll know that you’re fully awake when you realize that you have infinite power to change the world by simply living the change you want to see. First, you have to identify the principles that you believe in and then go out and live by them. If just a small minority took steps to do this, it would shake the establishment to its core.

What kind of world do you want to live in?

~Our Own Government,is Our Own Enemy~
- http://www.facebook.com/people/Bonnie-Miller-Barber/1117870249 Bonnie Miller Barber
  
  I disagree that our neighbors with ideological differences aren’t the ‘enemy’. It’s one thing to believe the media, but entirely another to want that one world government, want socialism/communism and want totalitarian control over everyone. Unfortunately, I have neighbors who think that’s the right thing for the world. They are not only idiots, they are the enemy. Not everyone is simply uninformed.
  - Jaukkko
    
    Amen!
- http://www.facebook.com/bert.therrien Bert Therrien
  
  Well said. You’re a very knowledgeable person.
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http://www.facebook.com/sarah.smithlawson Sarah Smith Lawson

Yet, another brilliant strategy to ruin our economy. I still don’t know how it is not just common sense to soooo many! Who can create jobs? Who will have LESS to invest & less to hire & pay benefits? WHY ISN’T REAL ECONOMICS A REQUIRED SUBJECT IN PUBLIC SCHOOLS? Or is it all rewritten history & how we shouldn’t let one child’s parents bring in cupcakes for birthday, a much more urgent lesson! Because even though they are for the whole class, maybe a child will “feel bad” that his parent’s didn’t do that for him! TRUE STORY. Black principle told crying birthday child, she was not allowed to share cupcakes she had brought with her class. Guess her feelings didn’t count & VOLLENTARY sharing, is prohibited! You have to be ordered to do it THEIR way or not at all! Sound familiar?
- Dyde
  
  Maybe public schools should be teaching more English. Then we can spell the word VOLUNTARY correctly.
  - al
    
    I guess you have no more opinions other then spell checking?
  - http://www.facebook.com/sarah.smithlawson Sarah Smith Lawson
    
    Can you spell TYPO?
http://www.facebook.com/people/Rod-Miller/100001118831228 Rod Miller

Shucks … I did not hit the 550 Million Dollar PowerBall lottery numbers. Guess my move to a tax haven is delayed. It is tough to be a temporarily embarrassed multimillionaire!

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Britain: Tax Increases On The Rich Lead To…The Rich Fleeing The Country?

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