Two-thirds of millionaires leave Britain to avoid 50% tax rate

It is an undeniable truth of life that wealth, capital and labor go where they are treated well. It is this economic truth more than any other that prevents socialism, communism, fascism, and kleptocracy from yielding positive economic benefits in the long term.

When you raise the tax rate, people will modify their behavior to avoid paying the tax, even if that means halting economic activity. As Ronald Reagan said:

The Founding Fathers knew a government can’t control the economy without controlling people. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose. So we have come to a time for choosing.

UK Daily Telegraph

Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50% top rate of tax, figures have disclosed.

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

This number fell to just 6,000 after Gordon Brown introduced the new 50% top rate of income tax shortly before the last general election.

The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50% top rate will be reduced to 45% from next April.

Since the announcement, the number of people declaring annual incomes of more than £1 million has risen to 10,000.

However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis.

Last night, Harriet Baldwin, the Conservative MP who uncovered the latest figures, said: “Labour’s ideological tax hike led to a tax cull of millionaires.

Far from raising funds, it actually cost the UK £7 billion in lost tax revenue.

“Labour now needs to admit that their policies resulted in millionaires paying less tax and come clean about whether they would reintroduce this failed policy if they were in power.”

Mr Osborne argued earlier this year that the 50% rate was deterring entrepreneurs from coming to Britain.

British Meteorology Office: No Global Warming for 16 Years

The British Meteorology Office, commonly referred to as the “British Met” has been on the paranoid tip of global warming fraud and alarmism for years. After the Climategate scandal where “top” climate scientists own emails revealed that they were rigging some data-sets and hiding others to make it appear as if man made global warming was real resulted in more oversight and ethics rules. After years of false claims of doom and incorrect predictions the British Met is now admitting the truth.

UK Daily Mail:

Global warming stopped 16 years ago, reveals Met Office report quietly released… and here is the chart to prove it

  • The figures reveal that from the beginning of 1997 until August 2012 there was no discernible rise in aggregate global temperatures
  • This means that the ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996
No Global Warming in 16 Years
Research: The new figures mean that the ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996.

The world stopped getting warmer almost 16 years ago, according to new data released last week.

The figures, which have triggered debate among climate scientists, reveal that from the beginning of 1997 until August 2012, there was no discernible rise in aggregate global temperatures.

This means that the ‘plateau’ or ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996. Before that, temperatures had been stable or declining for about 40 years.

The new data, compiled from more than 3,000 measuring points on land and sea, was issued quietly on the internet, without any media fanfare, and, until today, it has not been reported.

This stands in sharp contrast to the release of the previous figures six months ago, which went only to the end of 2010 – a very warm year.

Ending the data then means it is possible to show a slight warming trend since 1997, but 2011 and the first eight months of 2012 were much cooler, and thus this trend is erased.

Professor Phil Jones, director of the Climatic Research Unit at the University of East Anglia [Editor’s Note – Jones is one of the busted Climategate scientists and had a long record of making over the top doomsday claims], last week dismissed the significance of the plateau, saying that 15 or 16 years is too short a period from which to draw conclusions.

Others disagreed. Professor Judith Curry, who is the head of the climate science department at America’s prestigious Georgia Tech university, told The Mail on Sunday that it was clear that the computer models used to predict future warming were ‘deeply flawed’.

Science Fiction is the last playground of the philosophers – Gene Roddenberry (video)

We have said many times here at Political Arena that just quoting people facts and Lincoln-Douglass style debate isn’t enough. In order to teach the great lessons of life and deeper wisdom, it must be done through stories and narratives.

Star Trek is one of the very best programs that demonstrates this truth. Several of the Greek philosophers, plays, and literature have their work retold in Star Trek. The Roman legal philosopher and rhetorician Cicero is featured throughout the Star Trek: Deep Space Nine shows. William Shakespeare also is well represented in Star Trek.

To the intellectually dim Star Trek is just “space invaders” with actors, but to those with eyes to see and ears to hear, to the intellectually and philosophically curious, Star Trek becomes a wondrous teaching tool that can be used to reinforce the ideals that America was founded upon.

Here is an example:
Star Trek: Samuel T. Cogley Attorney at Law

Star Trek: The Wisdom of Captain Jean Luc Picard

Another reason why Star Trek works as a story telling medium is that the people of Star Trek are exploring the final frontier. Americans are a frontier people who have run out of “frontier”.