I have lived in US and the culture is so different there, entrepreneur and money is celebrated there and they have such different relationship to wealth and success.
You'd also get pulled to shreds in nearly all of the US to call 100k struggling.
Also, in some of the US, prosperity gospel means that celebration has a very different tone - it basically means you've been chosen by God for that wealth. I'm quite happy the UK doesn't have that.
No wonder millionaires are leaving UK in record numbers
But they're still buying assets including businesses here, since the law doesn't stop people not in the UK from doing that.
The data won't fully get into that or be able to fully gather the growing trend of the very wealthy to avoid tax by spending less than half a year which means in at least 3 different countries, sometimes referred to as the three countries rule. Plenty will have the UK in their rotation with those assets.
Its unbelievable that so many people act so ignorant of the fact at one UK millionaire will create more jobs and pay more taxes than at least 3-4 families from the lower quadrant and essentially subsidise their livelihood by contributing more to government coffers
One might do that, but it's not automatic.
And some of those millionaires and their companies are also buying up the assets like housing, driving up the prices and creating false scarcity impacting every other quadrant in a distinctly negative fashion. Maybe the UK government wouldn't need so much in to pay the benefits to keep the lower quadrant of workers afloat if our basics hadn't been fucked over by the continued asset and other wealth inequality.