The Golden Goose and the Butcher’s Knife

 

The Golden Goose and the Butcher’s Knife

There is a recurring comedy in British politics—the kind that would be hilarious if it didn't end in fiscal ruin. It goes something like this: The government stares at the nation’s crumbling infrastructure, sighs at the bloated deficit, and then decides the best strategy is to threaten the people who actually fund the party.

Consider the math. A high earner making £150,000 annually contributes over £53,000 to the treasury. To replace that single contributor, you would need to find 21 people earning £25,000 each. Yet, when the political winds blow, who gets the target painted on their back? The high earner. Politicians treat them like a public utility that can be endlessly squeezed, forgetting that money is the most nomadic creature on earth.

In the history of human behavior, we see a recurring error: the assumption that if you punish the "productive asset," it will stay out of a sense of patriotic duty. This ignores the basic evolutionary instinct to prioritize survival and resource protection. When the cost of staying—via taxes, regulation, or rhetoric—exceeds the cost of leaving, the "golden goose" simply packs its bags. It doesn't matter how much the state shouts about "fair share"; capital will always migrate to where it is treated best, not where it is lectured most.

It’s a bizarre form of political narcissism. The state believes that by taxing the high earners into oblivion, they are championing the poor. In reality, they are burning the very fuel that keeps the welfare state from seizing up. Once the high earners are driven out, there is no one left to pay for the services the politicians promised to everyone. We saw this in the collapse of the Roman tax base when the elite fled to their private estates, and we see it now in cities that think they can regulate their way into prosperity.

The tragedy of the modern politician is their refusal to accept that you cannot command the loyalty of wealth. You have to earn it, or at the very least, stop trying to pick its pockets every time you need a new policy to boost your approval ratings. Keep hunting the golden goose, and you won’t get more eggs; you’ll just be left holding a very empty, very expensive knife.