The recent debate about the British tax system has focused on the ultra-wealthy and the so-called ‘non-dom’ tax breaks. But despite warnings that tax changes are driving away the wealthy, data suggests that the 2017 restrictions to the non-dom regime have barely had any effect on emigration. In fact, the reform is estimated to have boosted revenue collected without triggering an exodus. The current regime is deeply flawed, costing the UK £3.6 billion per year in lost income tax and capital gains. Read full article here
Culture
The Priest in the Arena
The phrase “man in the arena” has been popularized in recent years, but a lesser known, more dangerous archetype is the “priest in the arena”. This figure is responsible for a process called theocratic capture, where an institution surrenders to a cult demanding unaccountable authority, fueled by claims to privileged knowledge. These cults often target powerful institutions and attempt to monopolize conversations with scaremongering tactics and hostile treatment of allies. It is important to identify and stop theocratic capture before it can gain control. Read full article here
Merv
May 29, 2023
