To think the world should have a 100% tax rate

[notanothernamechange24]

On anyone with assets or income over 1 billion pounds. Nobody needs to hoard money / wealth to that degree. There is no justification for it.
The world would be a far better place without billionaires let alone trillionaires.

I know it will never happen. But it should. AIBU?

The tax on lower and middle earners is much higher than the UK, not just on the higher earners.

I am talking about the super-wealthy. Scotland is similar to Scandinavia in many ways and so they buy large estates and take advantages of the lower tax rates.

I will however admit that the attractiveness of the UK has diminished since the changes to the non-dom tax law - prior to that, the UK was a magnet for internationally high-taxed entrepreneurs selling up in their own countries.

It is not a new phenomena either, back in the 1970s I knew many top doctors from Sweden that moved out of the country to escape the tax system.

They aren't 'hoarding' their money, they are spending it - lavishly. This means that other people are earning it.

In 1960 our pop was around 50 million - it is now approaching 20 million higher and prob more as there is no count of who is/has been coming in

so we needed say 7 million houses/flats to accommodate that -and mostly around London.

Thats the problem - poor governments in denial about negative effects of immigration and sticking fingers in ears