[paulmd]

If that wealth wants to be used to do business in the US, there’s ways to tax it. If it sits in a cayman bank account somewhere fine but that’s not doing the owner any good, and its value will be eroded over time. Even if it’s used to do business elsewhere, we have ways of getting at that (see: FINRA) if the place you’re trying to use it wants to do business with any of our banks.

Maybe it’s different for the UK but they’ve always framed themselves as an economic mover, fundamentally not believing that there is something in the UK that business wants to access is a refutation of this idea of there being any domestic economic value in the UK as an institution.