Originally Posted by
woptb
Original post is complete conjecture,as is yours, based on zero evidence. Other than 1% of the populace, paying 27% of the tax. People will leave the country,yawn! The same old tropes from the right wing press!
Put this post in Jet Blast its crap!
Have it your way... Yawn...
The rich will leave the country
It is the threat of a wealth tax that is scaring wealthy individuals.
It is a theme to which shadow chancellor John McDonnell has returned several times. In 2012 he gave his endorsement to a proposal by University of Glasgow academic Greg Philo (sometimes mistakenly called an ‘economist’ but actually a professor in sociology) to subject wealthy individuals to a one-off wealth tax of 20 per cent in the hope of using it to pay off the government’s debts.
‘The wealthiest 10 per cent own £4,000 billion,’ said McDonnell. ‘If you took 20 per cent of that you would then have £800 billion and we could tackle our deficit — we could tackle our debt — four-fifths of our debt would then be wiped out.
So we’re saying just collect the money and make those who created the crisis pay for the crisis and that way you overcome it.’