Part 4/6:
Apart from cultural shifts, economic deterioration plays a significant role in Britain’s decline. The current Labour government, which took power a year prior to the discussion, has implemented policies that have exacerbated economic issues. Notably, increased taxation has driven out tens of thousands of wealthy individuals, including around 15,000 multi-millionaires leaving London alone, within a single year.
Mary warns that such policies foster a destabilizing environment, akin to an experimental petri dish illustrating what not to do. He draws parallels to American policy suggestions, such as those advocated by Mandani in New York, emphasizing how higher taxes and the distribution of what are purportedly "free" benefits ultimately lead to economic malaise rather than prosperity.