I know that if you tax high earners high enough you actually reduce your returns.They just move it off shore or lay people off to cut costs
I do know that high earners contribute very little (contrary to what they often claim)..... the bulk of the revenue which the government collects in taxes comes from ordinary people.
If a few want to bugger off and try their luck somewhere else I have no problem with that. Again contrary to what some claim, they are not indispensable - if there is a market for their economic activities, then others will take their place. Obviously you have a low opinion of these people believing that their only concern is to themselves and not to Britain. Well in that case, let's give opportunities to more worthy causes.
I have to confess that I have never thought that they might "lay people off to cut costs". I have always been under the impression that people employed others to create a profit for themselves. You believe that these people employ others unnecessarily ? As a form of benevolence or for philanthropical reasons ?
.
So you don't think it's a good idea to reduce the biggest debt this country has ever seen since WW2 ? Every time Labour have been in power they have left the country bankrupt.
I haven't been complaining about the level of taxation in this country - I thought that you might have been though ? ? ?
And does your comment on this thread about 'Labour leaving the country bankrupt' mean that you will be voting for Nick Clegg and the LibDems ?
BTW, what is your definition of 'bankruptcy' ? Because as I understand it, it means businesses failing, leading to redunancies, and hence unemployment. When the Tories came to power in 1979 there was massive failure in businesses, leading to massive redunancies, and within 2 or 3 years they had DOUBLED unemployment.
And then, even though the Tories remained in power for a further 15 years, they NEVER managed to get unemployment down to the level which it had been under Labour.
'Bankruptcy' is a word which I associate with the Tories