[sundaeofshock]

A rich eats three meals a day, just like everyone else. They may eat nicer food, but they do t consume that much more than the average person. Indeed, the rich tend to hoard their wealth, removing it from the economy while the average person spends most of the money they earn.

Taxing the billionaires is a net plus for any economy.

[shivasaxena]

What do you mean by hoard their wealth? I assume like everyone else they have their wealth in banks/stocks etc and not matreses.

[DoesntMatter22]

How is it a net plus though?

Is there's a serious hike in taxes the billionaires will just leave and open companies elsewhere

[Isofarro]

They already "open companies elsewhere". From the article, the non-dom status is a tax-exemption on a non-dom for profits and revenues from businesses outside the UK.

If these non-dom billionaires leave, and they aren't currently paying tax, will we even notice?

The housing market noticed; again from the article, the value of properties valued above £10m dropped by 37%. So these "just leavers" aren't just leaving, they are taking a near 40% hit on selling up.

[DoesntMatter22]

So then leaving is giving the government less tax revenue and hence less money for other people