“The Government has taken tax up to 50 per cent, and if it goes to 51 I will be back in America,” he said at the weekend. “We’ve got 3.5 million layabouts on benefits, and I’m 76, getting up at 6am to go to work to keep them. Let’s get everybody back to work so we can save a couple of billion and cut tax, not keep sticking it up.”
Won’t be the first time Michael Caine does so. He already moved out of the UK in the 1970s for tax reasons, which he described in his autobiography, What’s It All About, a very interesting and entertaining book.
UPDATE
Samizdata“
The fact is that Caine, while he may not employ philosophical abstractions to denounce the looting intent of such a tax rise, is at root repelled not by the economic stupidity of such a tax hike, but its essential injustice. What a top-rate tax like this says, in effect, is that no-one should be allowed to rise above a certain level of wealth because it might make others envious. It makes a mockery of all that progressive-leftist talk about removing “glass ceilings” to advancement, etc.
