> If you penalize the rich, they just move, and then the new system will stop class mobility.
This is a myth created by the rich so that you won't tax them.
This is a myth created by the rich so that you won't tax them.
Also keep in mind the US is a winner here. The UK loses the most millionaires and it's had an observable impact on their economy.
It’s also due to the lack of investment in heathcare, education and other public services over the last 14yrs
Britain still has very many extremely rich people - London has more billionaires than NY - Serious Money by Caroline Knowles is an interesting exploration of the subject
https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index