Tag Archives: Sunday Times

The Consequences Of Bad Economic Policies

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On Tuesday, Zero Hedge posted an article about the number of high-paying taxpayers who have left Britain since 2025 when the non-dom regime was scrapped in April 2025 and inheritance tax was extended to worldwide assets.

The article reports:

This shift is already visible on the Sunday Times lists: six of the 2026 Tax List’s top 100 (including Revolut’s Nik Storonsky) had left in the previous year, the compiler noted that one in nine names on that list were no longer UK-resident, and the companion Rich List dropped dozens of foreign billionaires while recording a sharp rise in British nationals now based in Dubai, Switzerland and Monaco.

But, the latest news is likely the most disturbing to the increasingly socialist government as the UK’s 3rd largest taxpayer – hedge fund founder Chris Rokos – is set to leave.

When you raise taxes to the point where they are confiscatory, people take measures to avoid them. We have seen that in America with the population movement from blue to red states where the taxes and cost of living are lower.

The article notes:

Rokos will also open an office in Athens as part of the move, one of the people said, asking not to be identified because the details are private.

Italy operates a similar 15-year system, but after recent increases, it has set the flat tax at €300,000 on foreign-sourced income.

Greece has also sought to lure fund managers and private equity executives, adopting new tax rules this summer designed to prevent double taxation.

If the highest taxpayers keep leaving – as Rokos’s reported move to Greece underlines – Labour’s bet that abolishing non-doms and tightening inheritance tax would raise more money starts to look fragile, because a thin slice of people already supplies a large share of income-tax receipts.

The government then faces an awkward choice: accept a smaller tax base and tighter budgets, or raise rates on the mobile and immobile alike and risk accelerating the outflow it is trying to tax.

This is the Laffer Curve at work. If you are not familiar with the Laffer Curve, this article at investopedia is a good place to learn about it.

Even The British Have Noticed Something Amiss In The 2020 Presidential Election

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On September 28th, Trending Politics posted an article about some very interesting statements in a recent British Sunday Times article.

Trending Politics notes:

“So Trump was right.” Thus begins a broadside in the Sunday Times that amounts to a clarion call for the world: America’s president came to power in an election that was “rigged.”

Now before you go off on a rant about illegal votes, questionable software or voting machines, that’s not what the article was about.

Trending Politics quotes The Sunday Times:

“The American public is slowly waking up to the fact that they are being led by an ineffectually devious, senile halfwit,” Rob Liddle writes. “Donald Trump is back in the lead in the opinion polls. Imagine how awful a president must be if people would rather that sack of meat with mittens were back in charge.”

“Soon the public will wake up to something even more unpleasant and sinister: that the last presidential election was a fraud, rigged by big business, the labour unions and, more than anything, the media and the tech companies,” he continues. “If that election had taken place in any other country, it would have been called ‘unfree’. And, as more and more evidence emerges, it terrifies me that the same thing could happen here.”

The Sunday Times continues:

“The Secret History of the Shadow Campaign That Saved the 2020 Election,” a bombshell Time article released just days before the Senate impeachment trial, appears to have provided some of the best evidence that the election was “fortified” by a shadowy cabal that included giant corporations, big tech giants, and powerful labor unions.

“What we didn’t know until we were told in February this year, courtesy of Time magazine, was that there actually was a conspiracy — a secret coalition of chief executives, labour unions, left-wing pressure groups and media companies — to manage what information was available to the voting public,” Liddle went on. “Its aim, as The Wall Street Journal put it, was to ‘suppress unwanted elements of US political conversation’. What a wonderful phrase.”

“Time magazine reported this as if the cabal — it called the arrangement a cabal — had been acting heroically,” he added. “To save the US public from making the same mistake again and electing that Brobdingnagian boor — and to do so by suppressing stories favourable to him.”

The Times writer also references a disturbing betrayal by Trump’s Joint Chief of Staff at the time that should be sending off alarm bells from sea to shining sea.

The article concludes:

“The author of that article in Time said the conspirators ‘we’re not rigging the election; they were fortifying it’,” he concludes. “Wow. Isn’t that a little chilling? And are you looking forward to a ‘fortified’ general election over here?”

Indeed. The way all of Western Civilization is heading, “rigged” elections may soon become the norm. Americans and their brethren in once-free nations around the world may someday look back at the halcyon days when they were able to pick their own leaders as nothing more than a distant memory in an eclipsed golden age.

Grandfathers, grandchildren astride their knees, will explain to them about why they did nothing. “It all started with Trump…”

And that’s not even getting anywhere near the questionable mail-in ballots, stopping the vote counting, pulling ballots out from under a desk, etc.