Ultra-rich entrepreneurs threaten to desert Britain over tax
Ultra-rich entrepreneurs threatening to desert Britain over tax? Let them go. It’s time for countries to call the bluff of these individuals who believe they can dictate terms based on their wealth. The idea of the ultra-rich fleeing to tax havens like Switzerland or Singapore should not deter policymakers from implementing fair tax policies. These billionaires rely on the infrastructure and resources of the countries they operate in, so they can’t simply up and leave without consequences.
The argument that these individuals contribute to society by driving up home prices and funding high-end services that benefit only themselves is flawed. The accumulation of extreme wealth often comes hand in hand with corruption and exploitation.… Continue reading
John Q. Hosedrinker