[Stoat]

A study by of 1,000 people with more than £250,000 in savings and investments......

 

(edit)

 

Mid-market rates: 2011-04-23 16:16 UTC
250,000.00 GBP	=	412,907.50 USD
British Pound		US Dollar
1 GBP = 1.65163 USD		1 USD = 0.605462 GBP

 

XE (GBP-USD) British Pound to US Dollar Rate

 

There are A LOT of people with 'savings and investments' of well over $413,000. here in the USA as well as the UK, particularly when you consider real estate holdings.  For the article to imply that these numbers represent some small cadre of 'high earners' really misses the mark in my view.  :

“We are not expecting a mass exodus,” said Nicholas Boys Smith, managing director of Lloyds TSB International Wealth, “but, regrettably, many wealthy people are dissatisfied with life in the UK and are considering leaving.

“Many high earners are concerned about what they perceive as the tax increases that followed the financial crisis. Despite good recent developments, there are still many countries around which high earners believe offer more favourable tax regimes and importantly, a higher quality of life.”

 

Mr. Boys Smith attempts to play down the significance of this to some extent but I would suggest that this survey represents a far more 'average' set of people than what's being implied. 

We're seeing this in the USA as well, where a wide demographic of people are increasingly leaving high-tax and high-crime areas.

I'd suggest that anybody associated with the Taxed Enough Already party movement is going to have views very similar to the 'high earners' cited in this article.

[Stoat]

“thought you might be interested” ping.

[muawiyah]

What's happened in UK is happening in NJ and NY, and these folks down around 1/4 million bucks a year are "high earners" as a result.

The RICH ARE DISAPPEARING. They and their truly high incomes are going fast ~ to places with low or no taxes and cheap and very available armed body guards.

(Don't know where that would be but that's where the RICH are).

The tax burden still has to be met so it's being parceled out to those of more modest incomes ~ and they, too, are talking about going somewhere else.

This is the Internet Economy. You don't need to go to THAT OFFICE anymore. Vanatu awaits!

[Tupelo]

An exodus of the upper middle class and the wealthy is what you get when you try to “spread the wealth”
Pretty soon there are no more makers, just takers.

This could be cured very easy. A flat tax or national sales tax would do it. Everyone taxed the same percentage and SHAZAM the “poor” would no longer be just takers and the super wealthy would not have loopholes to escape paying the full amount. See, an easy solution to a complex problem. But first eliminate all forms of income tax. That would be a little harder.

[truthguy]

Like the Democratic Party in the US, the Labor Party in the UK has been at the epicenter of all of the problems of post WW2 Britain. My ex-boss left the UK in the 1970’s due to the fact that the deck was stacked against the upwardly mobile at least according to him. He's retired now and did well enough in the US to be very comfortable in retirement. He told me that many Brits left the country exasperated at the situation there and the intellectual classes at the BBC and the Labor Party were the root cause of it all.

[samtheman]

In England if you rob a home and get caught you get a stipend for life and an award.

If you defend your home, you go to jail.

[Lancey Howard]

Shrugging and moving..
Sounds like a wise plan for anybody who is fed up with the kind of socialism the Democrats want for America.

[opentalk]

Their open borders and PC policies imported Islam and a large Muslim community that will not assimilated into the UK culture.It drives native born people away.

[Migraine]

It’s going to be a pretty skunky country when all that’s left are muslims.

[Jack Hydrazine]

The UK is leading the way for the descent of the West into the abyss of destruction with America trailing right behind them.