..the celebrity issue is such a stooopid distraction Brain drain ? happened in the past, to the detriment of the UK (and not just celebs), many top notch academics/doctors/ IT geeks/designer, yes and some actors and pop stars, fled to the US in the 60s and 70s away from our punitive taxes. That?s a reality, however much you think ?Well I wouldn?t do that?, of course many stayed too but this was a drain on our human capital.The loss of just some. Inward investement - Korean/Japanese/US companies looking to invest in Europe including bringing over their own senior management will have a look at tax levels for their senior execs who are going over to manage the businesses if they are too high they?ll go elsewhere, this is a major factor. Senior Korean mangers don?t give a sh1te about our Budget Defeceit or NHS they just say I?ll pay 70% tax there or 45% there?no brainer. This has a significant impact on inward investment decisions. Ditto corporation tax. Yukky marketing speak, but ?branding? your country with an image of one that as one that taxes high and doesn?t reward entrepreneurship ditto. Foreign investors won?t even put you on the potential list. France?s image overseas is increasingly as an anti-business, statists, unflexible economy. Finally, as Huge says, higher tax rates tend to lead to a reduction in overall tax take?as they reduce overseas investment, remove incentives to work harder or longer, drive a certain number of those whose desire is to create wealth (greedy ?orrible people as they are no doubt) away. This is of course a view that is contended by many on the left so there?s debate on this but I personally belive it. I know many left wingers generally think higher tax rates are fairer and juster and all those touchy feely soft values?but it don?t work beyond a certain point. 1000s of people, including many who create wealth, don?t share you ?altruistic? viewpoint on this?.my argument re taxes etc is not idealistic or even altruistic but I believe it is utilitarian, it?s better for us all, rich and poor.