Here in New Zealand, it pays to watch the wider world.

There are lessons to be learned.

The UK provides a warning, with the country now facing a dire tax crunch.

  

Source: Adam Smith Institute / X

 

The numbers this year will be much worse, with 16,500 millionaires projected to leave.

British socialists do not understand that wealthy people foot the bulk of the tax bill. Without them, you then need to slap heavy taxes on middle-income people just to maintain services.

This is a great opportunity for New Zealand. Some of these departing UK millionaires can come and invest in businesses and jobs here.

No capital gains tax. No inheritance tax.

A client of ours recently sold his business in Auckland. He’s now able to invest even more for his future.

I mentioned to him: ‘Imagine if we had capital gains tax. You’d have to pay hundreds of thousands of dollars on your business sale.’

He asked me: ‘What about all the investment, hard work, and long hours I put into my business over the years?’

‘You would be taxed and penalised for that.’

‘But I already paid a lot of income tax from the business over many years.’

Now socialists call for wealth taxes in New Zealand and the UK. Not realising that socialism eventually ends in destruction and poverty.

Well, the UK has had enough. Polls now show the Reform Party with more support than Labour and Tories combined. Things have to get very bad before people act.

Sadly, years of socialist indoctrination in the media and universities have led us to this: people in power, with the best of intentions, sabotaging our economic future.

Wise leaders will act immediately to defund and stop that indoctrination at every turn.

Most millionaires don’t have time to wait, nor the inclination for political involvement in a hostile environment. They quietly leave.

Socialists do not understand that wealth today is global. It is mobile. They can’t control everyone.

And that brings me to the point of today’s article.

Global mobility can be made possible with a passive income portfolio.

Stocks around the world that pay reliable dividends. And allow you to live anywhere…

 

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