That's ok though because they create all the jobs and all the wealth, so they should be allowed to keep all the money. It's almost a divine right.
But on the whole, don't they pay the bigger tax?
The question is, if they didn't find it worthwhile (a relative term) to keep their investments where they do, where would those jobs go? Or would that require more nationalisation, trade restrictions, and the inevitable fall of production and services control into union hands? Then we'd really
find out what power in few hands really means. (Some benefit might be served if the rest of the world studied the British years under Wilson and Callaghan.) Or would somebody propose we simply cancel high wealth (again, a very
relative and highly subjective call) by passing some Robin Hood legislation and steal it for ourselves through that? It's so easy to spend other's money...
Governments chasing tax revenue have already made a lot of industries such as 'offshore' lose attractiveness; what will the Channel Islands, the Isle of Man, Monaco, Andorra, The Bahamas, Bermuda, the Caymans, some of the Virgins etc. do next to stay alive? All of these things, though of little use to most people, still served many purposes and supported their own tiny economies from offshore banking, the running of companies and all manner of services. In the end, it all created work. We are obviously all going to benefit from stopping it. (It's the old tale about the little fox who had his tail cut off: he wanted all the other little foxes to do the same.)
I blame Switzerland for caving in to Uncle Sam. It opened the artery that let all the blood flow into the gutters of the world.
And it was not all bad, evil and sinful, despite what those with no actual experience might tell you.