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i2km | 1 year ago

Simple answer: no. The economy of SE England is largely comprised of:

1. Shuffling money around 2. Socialist-level ponzi government spending 3. A combination of property flipping and high-end property overseas sales used for tax evasion

Innovation-wise, always looking for the easy wins without the hard work, unlike the US.

As a Brit and former resident, happy to have emigrated and escaped the >50% (soon to be increased) tax rates.

discuss

order

ggm|1 year ago

> As a Brit and former resident, happy to have emigrated and escaped the >50% (soon to be increased) tax rates.

Hah. So you don't believe in the Scandi high-tax economy, or the Dutch one?

Resentment of taxation is a perquisite of the rich, overwhelmingly. In fact, most people who are not rich pay reasonable rates of taxation except they pay far more percentage of their income as VAT/consumption taxes, which is of course nothing like 50%

"nineteen for you and one for me" was George Harrison whining about super tax in the 60s. This isn't new.

maest|1 year ago

> they pay far more percentage of their income as VAT/consumption taxes, which is of course nothing like 50%

I don't think that's true, unless you assume rich people either a. spend a lower percentage of their income (in which case, what's the point in having money) or b. they avoid VAT when they do spend.

throw092309|1 year ago

UK state does not provide high level of services, to justify super high tax. You have to wait years for some surgeries from NHS. Infrastructure such as transport system. Education. Safety....

tebbers|1 year ago

Can I ask where you moved to?