"The wealthy will leave".
I'm sick of this tired argument. No. They won't.
And if they do? They're not paying their fare share anyway so they won't be missed.
this post was submitted on 19 Oct 2025
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Not only are they not paying their fair share of tax but they are out-competing everyone else in the market, making everything more expensive.
They are a burden.
Exactly. It's like feeling sad at the departure of a tapeworm.
I checked out the Greens economic policy and it's deep, comprehensive and well thought out. The wealth tax is just one component of it.
And the right wing owned media. As always. Over simplifies left manifestos to sell the idea the left is bad at economics. Despite the right governments making every fucking mistake imaginable. Never questioning this attack line.
Not only is the right, historically, demonstrably bad a national economics. Economics as a profession and academic subject. It is historically very biased towards the right wing ideals and recruiting.
Hence, the whole history of golden shower economic theory. Terrified billionaire escape plans. And other 0 data non evidenced idealistic theories ruling the whole academic system. All their theories are based on models that completely ignore societal wealth distribution. And refuse to compare. It is little better than a faith.
The Greens' tax policy of treating all income equally is actually good classical macroeconomics.
The other thing the Greens need to do if and when they get into office is to immediately tackle press reform. Having nearly all media owned by a few rightwing billionaires is toxic to civil society and a huge distortion to the political system. Media ownership should be broken up and foreign ownership and influence closely controlled or banned entirely.
As for the billionaire money-hoarders who don't want to give back to the society that enriched them, let them fuck off to Dubai or some other dump where they're even more vulnerable to asset-stripping. Require all UK assets to have named owners, not shell companies or other obfuscation schemes. And step up diplomatic pressure to shut down money laundries like the Cayman Islands, Cyprus, etc.
Yep, but It's likely to be an even harder fight, then wealth tax.
A because of the wealth of the owners. B because it is the perfect set up for claiming it's the new gov attempting censorship of oppositional media.