Comments by "Mark Welch" (@markwelch3564) on "Are the rich going to leave?" video.

It's not where people live, it's what they own. Will people sell up to avoid taxes? If the people who own (abuse?) the water companies want to quit holding those assets, that's fine by me!
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@alexdavis1541 my reply appears to have been eaten, so I'll rephrase They can only buy so many meals, but as landlords they can buy all the houses That definitely affects everyone else!
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@akastewart broadly, but with nuance Like their shouldn't be wealth taxes on non-UK wealth, but if you use that capital to buy UK assets then there will be transaction taxes on that, and could be wealth taxes on that asset
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What the rich buy, is houses and politicians The existence of the ultra wealthy creates cost of living problems for everyone else
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@alexdavis1541 there's more to it than that, but it's the simplest example of why "letting people get ultra rich" isn't consequence-free for everyone else
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