Dear young, ambitious Brits, If the UK government introduces an exit tax I would HIGHLY recommend you leave the UK to build your wealth elsewhere. We live in a global economy and your best opportunities will probably take you far and wide. There will come a time when it makes sense to do a few years in the USA, you might want to head to the fast-growing UAE or have a chapter in Singapore. Life will dish out many opportunities that involve moving elsewhere for a time. A wealth tax will pin you down. Imagine you launch and build a company in London, you raise £2M from investors at a £20M valuation, you then grow the business and on paper it’s worth £50M. If you then want to leave, the government will shake you down for 20% of your equity valuation before you can go. Imagine you make great choices and sacrifices for your career, you start earning serious income and you buy a family home. Then you get an irresistible offer to work in Sydney. Now you have to pay exit taxes on the value of your home. It’s not worth the risk. Not when the UK is such a small part of the global economy and not when the UK economy isn’t even growing faster than inflation. You would be better to leave now while you have nothing, build abroad and then return home if and when it makes sense. Right now every country is making a choice as to how they want to treat talented, successful and wealthy people. Some countries are saying they want to attract these types of people and some countries are saying they want to punish these types of people. Sadly the UK is heading towards the latter. This isn’t your fault and it isn’t your responsibility to fix an incompetent government with an out of control spending problem. It’s your responsibility to make the most of your skills and ambition and go where the opportunities take you. Explore your options and if a wealth tax is introduced, be sure to take that as a sign that your government is hostile towards your full potential and success.