As billionaires leave London in response to looming tax changes, wealthy Americans are swooping in to buy high-end homes in the city.
As billionaires leave London in response to looming tax changes, wealthy Americans are swooping in to buy high-end homes in the city.
Yes, it’s quite ironic that it is the poorest sections that have driven their wealth. Now they don’t want to share the burden. It’s exactly what Karl Marx philosophised. The means of production procures the proletariat to make the bourgeois rich by their Labour.
All good. Lots of stamp duty. Fewer billionaires not paying tax. Win win. (assuming it’s even true…)
So turn over in the market hardly a rout