The UK Is a Tax Hell With First-World Prices and Third-World Outcomes š¬š§
You've probably already heard that the UK is projected to lose a record ~16,500 millionaires in 2025, the biggest outflow on earth. Why? Taxes.
š Thatās the rich fleeing, understandably. I wouldn't want to lose my wealth either if I lived there with millions in net worth.
But what about ordinary people? Maybe theyāre doing fine? I did some math, letās see š
š¢Median London worker has a median annual salary of: Ā£47,500
š¢Take-home pay after taxes: Ā£3,125/mo
š“Rent (Ā£1,550), council tax, utilities, internet/phone: Ā£1,935
š“Groceries, household stuff, streaming/digital: Ā£285
š“Transportation, clothing, electronics, misc, socialising: Ā£440
āŗTotal monthly expenses: Ā£2,660
āŗLeftover: Ā£465
This is without buying a new iPhone, no holidays, almost no savings, no car, no emergencies. Starting a family and owning a home is⦠practically a luxury fantasy š¤¬
Also, if that wasn't enought, saving money in this environment is nearly impossible: thanks to fiat system, the UKās purchasing power has collapsed by 41% in the last 20 years š
In a system like this, the only paths to wealth are building a highly successful business, exploiting their socialist welfare system and doing some fraud, or breaking the rules completely š°
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