From Taxation to Confiscation: Europe’s Wealth Exodus and the Coming Asset Seizure, by Chris MacIntosh

After Europe has eaten its rich, where does its next meal come from? They never think about that part. From Chris MacIntosh at internationalman.com:

Incoming…

Theft, that is.

Consider that the deindustrialisation of the communist union of Europe continues apace and with it the acceleration of the bankruptcy.

Of course, the blow dried TV robots won’t tell you this, but…

The next step in this process is asset seizure.

Remember when they first printed trillions and told us inflation was “transitory?”

Now, they’re taxing trillions and telling us taxes are transitory.

France just announced new tax hikes. Italy is raising capital gain taxes from 26% to 42%. The UK got rid of their “non-dom” rules essentially destroying tax incentives, and across the rest of Europe it’s plain wealth taxes.

Norway showed us how this will transpire. The muppets in power there raised wealth taxes to bring an additional $146 million in yearly tax revenue. Instead, individuals worth $54 billion left the country, leading to a loss of $594 million in yearly wealth tax revenue. A net decrease of $448 million.

Spain just recorded 1,000 fewer high-net-worth taxpayers. It was the first negative millionaire migration for the country since they imposed a wealth tax.

Thousands of millionaires are leaving while (coincidentally) tax pressure is at all-time highs.

Democracy is a joke. Who for example voted for higher taxes? Nobody of course, but the peasants will get them anyway.

In the UK, it’s the same story. Millionaires and billionaires are escaping as fast as they can.

Just in 2023, the UK lost around 12,500 high-net-worth individuals (HNWls). Another 9,500 more are expected to have left in 2024.

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