Over and over this thesis is proved.  Now in the UK it has been shown that raising the tax on million pound earners caused 2/3 of them to leave the UK, and cost the government roughly 7 billion pounds in revenue.   No surprises here, except to those who keep trying it, expecting a different result.   Read the story in the Telegraph here.

http://www.telegraph.co.uk/news/politics/9740253/Two-thirds-of-millionaires-disappeared-from-official-statistics-to-avoid-50p-tax-rate.html

About The Author

Mark was a co-founder of the Tea Party Patriots, and served as the national coordinator. He left the organization to work more broadly on expanding the self-governance movement beyond the partisan divide. Mark appears regularly on television in outlets as diverse as MSNBC, ABC, NBC, Fox News, CNN, Bloomberg, Fox Business and the BBC. He’s highly sought after for the tea party perspective from print and electronic media outlets, from the Wall Street Journal, New York Times, L.A. Times, Washington Examiner, Politico and the The Hill. Mark blogs at MarkMeckler.com, and his opinion editorials regularly run in many of the leading political newspapers both on and offline. Mark has a BA in English from San Diego State University and graduated with honors from University of the Pacific, McGeorge School of Law in 1988. He practiced real estate and business law for almost a decade. For the last eleven years of his legal career he specialized in Internet advertising law. When not fighting for the future of our nation, Mark is an avid horseman, and lives in rural northern California with his wife Patty and two children.

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  1. Ted

    The link to the Telegraph article is broken. If it’s still online, I would love to read it.

    Reply
  2. Mike

    Thanks for your interest. Sorry about the link. The new link has been updated and we put it in so you can copy and paste if the hyperlink doesn’t work properly.

    Reply

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