This story has been bothering me since I read it on the weekend. It's a remarkable example of how money can become so important to an individual that it actually inflicts what it is commonly reckoned to protect against.
The increase in marginal tax rates has encouraged Guy Hands, the enormously wealthy private equity entrepreneur, to move to Guernsey to become a tax exile. He's not able to visit his family in England if he is to retain this status. This was revealed in the course of prosecuting a case against the advisors who sold him EMI, a failing investment by his firm Terra Firma. Allegedly, the crafty bankers who sold him the company encouraged him to overpay (something I'd supposed they were paid to do).
Most people, if they had Guy Hands' £250 million fortune (according to the Sunday Times's Rich List) would surely use it to live where they wanted to, not in the place that was the most economical for them, and certainly not if that meant they weren't able to live with their family. This sort of situation is more often associated with migrant workers driven from home by poverty.
All quite peculiar. Perhaps we should invert some of our more usual descriptions? How compromised you can be when you're dependently wealthy, what being desperately rich can drive you to do...