16,500 Millionaires Just Fled the UK! Here’s Why
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This is what happens when taxes get too damn high. Yeah, Elizabeth Warren, Zoan Mandami, many others out there constantly talking about the taxes that they wanna put on billionaires and really, really wealthy people. And I scratched my head and I said, well, you know, yeah, we all have to pay taxes. get that. But when you get nuts, people leave because they can. Case in point.
And I talked about this. We predicted that what the UK did when it came to its tax structure for wealthy people, again, they had a tax system that was set up in the UK that dated back hundreds of years, which allowed people to not get tax in the UK on income that they had made overseas, which then made it very, very attractive for
people to move there and live there and spend money. Again, last time I spent a significant portion of time in the UK was several years ago. And again, I was blown away, blown away at the type of wealth that was there. was, again, like nothing I would see in New York City. Whole nother level. We’re talking like parallel parking Bugattis on the street. Oil money, this money, that money. Guess what? Guess what?
They left. They’re still going. Global millionaire migration in 2025. As far as the amount of millionaires gains, the UAE comes in at number one. They gained 9,800 millionaires that move there. Again, no crime.
low taxes, luxurious lifestyle, economic openness. United States, we came in second at 7,500 millionaires moving to the United States. And again, I didn’t have any problem with, quite frankly, what Donald Trump was doing with those little golden visa. But again, they’ll find ways in here. They’ll get residency either way. Actually, interesting story about the amount of the people leaving the UK.
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moving to Miami. Italy came in third and they’ve got, great way of handling millionaires in residency. Gained 3.6 thousand millionaires. Switzerland, 3 thousand. Saudi Arabia, 2.4, 2,400. Singapore, 1,600. Portugal, 1,400. Greece, 1,200. Right on down the list. And of course, just like we told you,
The country that lost, again, lost their best customers. Think about it.
You’re losing your best customers, the people that are spending a ton of money. They’re paying taxes, they’re just not getting crushed, they’re buying stuff there, they own real estate there, they’re buying things at hair, all sorts of stuff. They lost 16,500 millionaires already in 2025. China lost 7,800.
India lost 3500 South Korea lost 2400 Russia lost 1500 Brazil lost 1200 France lost 800 Spain lost 500 Germany lost 400 and Israel lost 350. I mean
People are going to move where it’s most conducive. There’s always that straw that breaks the camel’s back moment. And we told you, we told you it was going to happen with the UK, but wow, 16,525 already. Watchdog on wallstreet.com.
