Yes that is possible but wherever it is squirrelled away there is a good chance it comes to the UK, But investors including the fund managers will always look for the highest return and the safety of the investment which is why the UK is one of the best countries to invest in
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River_City_Bantam Squad PlayerP.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10
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For ordinary people tariffs are your friend and the enemy of those who would profit at your expense -
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It is an interesting concept and one that I think that I agree with but only for those of a specialist skill or of a creative bent. There is no point in giving more money to those who cannot (for one reason or another) be "prodcutive". For instance if society invests in (bets on) these skilled/artistic/creative people, then some, freed from the worries of having to house, feed & clothe themselves, would no doubt flourish and produce, how much does that one Sheeran guy pay in tax?
I watched a close friend return to the UK and try to get a job, the hoops he was made to jump through, were harder than my job & absolutely counter productive. -
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River_City_Bantam Squad PlayerP.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10
On the other hand, tariffs and associated supply management are absolutely vital here for the dairy and egg industries; without those, America in particular could flood the country with their excess production and devastate that sector of the farming community.
I wonder how long the bits of the world that provide cheap labour will continue to do so -- as the standards rise in those places, and the wages rise, there should come a point when it is no longer attractive, or as attractive, to send manufacturing abroad.
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River_City_Bantam Squad PlayerP.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10
Minimum wage here (Ontario) is $14/hr. (It was supposed to rise to $15 this year, but the new provincial government cancelled/postponed that.) Assuming you worked a full week at that rate, 36.5 hours, and deducting three weeks for holidays/sick days, you'd gross just over $25,000. Federal and provincial income taxes would come to some 20%, but you'd lose less than that thanks to various deductions and credits. Overall livable, but money will be tight.
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