The Labour Party has been in power in Britain for only two months, but it’s already causing an exodus of well-off individuals and entrepreneurs who fear tax increases on capital gains and inheritance income.

Prime Minister Keir Starmer has warned that those with the “broadest shoulders” will bear a greater burden of paying for Britain’s bloated welfare state.

Tim Stovold, the head of a tax accountancy firm, says people are “so terrified” of a capital gains tax rate hike that their decisions were becoming “entirely tax-driven”.

Charlie Mullins, who left school at age 15 to found his wildly successful Pimlico Plumbers in a basement, recently moved to Spain saying, “Any property I have in the UK under my name I will be selling.”

The general public is more pessimistic about Britain’s future than at any time since the 2008 financial crisis. The Gallup World Poll can find no other industrialized country that’s scoring lower for economic optimism than Britain.

Too many politicians in Washington want to follow Britain’s lead.