Reddit/BBC reacts by complaining about jobs and taxpayers leaving
Wise redditor notes that net zero is not to blame for high energy costs destroying industry it's actually privatization 
Net zero is not really to blame for that, although it is a convenient scapegoat.
The issue is that the electricity and broader energy industry has spent the last 35 years living off the inheritance of the nationalised energy industries.
Now that inheritence is finally wearing out and the pseudo market in electricity is collapsing under the weight of its own contradictions.
https://old.reddit.com/r/ukpolitics/comments/1jlq1xa/steel_tycoon_lakshmi_mittal_plans_to_leave_uk/
Bongland has second highest amount of millionaires fleeing
Definitely between a rock & a hard place on this one.
On one hand if you're resident here you should be paying your fair share of taxes.
On the other hand, the UK has the 3rd largest outflow of USD millionaires in the world, behind China & India (in total, not per capita, where we're 1st by some margin). Even with their tax breaks most of these people contributed significantly more to the UK coffers than the average tax payer.
Edit: I lied, we're 2nd as of 2024. https://www.visualcapitalist.com/mapped-millionaire-migration-in-2024/
.webp?h=11 "Nuzzles, pounces on you, UwU, you're so warm!..")
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someone place bets on whether UK or China is going to collapse first.
I fully expect it to be UK.
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100% china. UK is a slow decay
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Wrong. UK first because the UK is like Rome but worse. History will repeat itself and UK will be taken over by Germans (
)
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Mainland China sucks but they have Shanghai and Beijing so they will be fine. Bongland will be an authoritarian India 2.0 in like 15 more years.
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Wrong. 50 years.
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As professional Chink hater, the Bongs will collapse first.
The CCP will collapse, but it will just splinter China into at least 2 different countries with Beijing and Shanghai being the capitols.
God hoping that they enter a new Age of Warlords because that would be so cool
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What?
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R-slurs have been saying that China will collapse very soon as early as the 1980s.
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China won't collapse, but I still think they won't make it as far as the US in per capita income.
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UK might be second place for millionaires leaving (10x brazil lmao) but the per capita the number is in the stratosphere compared to everyone else. They can exit tax their wealth once but at the cost of losing a millionaire's future earnings, spending, and productivity forever
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Don't worry the Syrians, Afghanis, and Pakis they've imported by the billions will start new 7/11s or whatever the British equivalent is, thereby fixing the economy.
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I personally believe it is better to tax billionaires than millionaires for the reason that developed nation states today are rich enough that it makes sense for anyone who saves money and is half decent at investing to become a millionaire before they die, but a billionaire is someone who is so rich they are slowing down the flow of money through the economy and carrying enough influence to shift societal scales based on a single individuals preferences, which makes having thousands of untaxed billionaires a bad idea.
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