okay so I was just watching a video on the YouTube channel Nomad capitalist and I've got a few predictions as to what this labor government is going to cause to happen in the UK let me just get a piece of paper so I can write this down okay it we W newspaper right so right now the government has committed to not raising tax on working people so what this means is they're not going to raise taxes for income tax vat and any other metric that working people so the lower class and the middle class are dealing with this means taxes are put on wealthy people this means primarily capital gains tax is going to be implemented and raised further right now it's 20% in 2024 September if Rachel Reeves the chancellor of the of the exer decides to raise capital gains tax there will be a mass Exodus of wealth from the UK now this isn't only bad for the rich people in fact it's not even bad for them because they can just choose to move somewhere else in the world they're Global they're globalists they don't care they can be anywhere they're probably not even in the UK half the time it's just an all right place to store their money because London's one of the high one of the largest financial hubs in the world Rachel Reeves wants to change that as a result if there's less wealth in the UK working people are going to suffer indirectly because by Nature money drips down the pecking order massive wealth is earned and generated by the elite and most of it stored and spent outside the country the little amount of money that's spent inside the country drips down the chain getting taxed at most most points and eventually ceases to exist because it's been taxed so much however the working people do come into contact with this money and there's less of this money in circulation so the less money there is higher prices are going to be and maybe this will cause inflation to go up I'm just speaking my mind this is no like in I'm not a financial professional I this is just Why I think so this could cause a massive massive economic downturn for the UK right now there's massive social unrest in the UK and this is due to a a divide in ide in ideologies because over the past years and decades the UK has had a massive influx of foreign workers students and just migrants in general what this has caused is a very dense population and from the past we know dense populations are like pressure cookers and Gaza is one of the main examples of this it is such a concentrated area concentration population density of London and the UK is a tiny island with 66 million people for comparison one of the most prestigious countries in the world Finland massive massive country it's got five million people 5 million M that massive country Finland 5 million people we have nearly 70 million people on our tiny Island now secondly if this wealth that's essentially concentrated within London leaves this is good for the short term because housing prices will decrease however in the long term because there's no wealth it's not going to be good for society and with the amount of social unrest at the moment I'm not surprised the billionaires and millionaires are leaving because the UK is just everything's just like every sector of the government is and what people need to realize is if they actually want to better themselves for life they can't just sit about arguing about what the government's doing because if you think about it the government isn't going to make your life change drastically all these government decisions and projects happen over a massive period of times and you have to realize if you want change massive change for yourself you need to do it yourself whether that's starting a business or going full in with your career that you find rewarding fulfilling and purposeful Okay so if this doesn't go to plan the UK's growth is going to slump and we're going to fall down way from where we were in the global rankings for the amount of GDP we have and our significance which is already dramatically decreased will further signify our reduction in significance so that's all I have to say I think can't really think of anything else just wanted to give my thoughts on the current political and socioeconomic state of the world right now and yeah if you agree let me know if you don't agree then okay see you guys in the next one