RICHES TO RAGS

While the US struggles with its debt and political dysfunction, many other countries around the world are also facing big headwinds. England is suffering soaring social welfare costs, worklessness, illegal immigration, a broken national health service, dependence on foreign nations to meet its natural gas and electricity needs, the impending loss of its last steel plant, and a declining birth rate leading to fewer young workers to support a rapidly growing elderly population. Currently, 28 million private industry workers financially support 9 million people who are "economically inactive," 6 million public sector employees, and 13 million state pensioners. The top 10% of wage earners pay 66% of all taxes but continue to be hectored to pay their "fair share." The result? Nearly 400,000 British workers report their intention to move abroad in the next two years. Over 11,000 millionaires emigrated in 2024 - a 157% increase from the year before. Eventually, the tax ...