@anomalyuk Do you have any idea how much effect the extremely high top rates of tax in the pre-Thatcher era had on the emigration of the elites in Britain?
I've been thinking that probably had a lot to do with British decline but I’ve never seen any data on it.
Don't know. I was a small child at the time. The short-term economic impact was, I think, pretty severe, but I'm not sure how much actual emigration there was. Rock stars, rather than businessmen, were the most prominent emigrants.
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At some point in the second half of the 20th century it seems like all the high quality people just disappeared from Britain. I can’t tell whether they all left or stopped having children or maybe their children simply didn’t match their parents due to bad education, ideology etc
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