Occasionally, whenever one of us Samizdata scribes writes about events in the UK, such as loss of civil liberties, or the latest financial disasters perpetrated by the government, or crime, or whatnot, there is sometimes a comment from an expatriate writer, or US citizen in particular, suggesting that we moaners should pack our bags, cancel the mail and come on over to America. Like Brian Micklethwait of this parish, I occasionally find such comments a bit annoying; it is not as if the situation in Jefferson’s Republic is particularly great just now, although a lot depends on where you live (Texas is very different from say, Vermont or for that matter, Colorado).
But considering what might happen if Obama wins the White House and the Dems increase or retain their hold on Congress, I also wonder whether we might encounter the example of enterprising Americans coming to Britain, not the other way round. The dollar is rising against the pound, so any assets that are transferred from the US to Britain go further. Taxes are likely to rise quite a bit if The One gets in, although they are likely to rise in the UK too to pay for the enormous increase in public debt, even if the Tories win the next election in 2010.
Of course, this is an issue at the margins. If I were an American looking to get out of a left-tilting America, there are many other countries apart from Britain I would want to live in, not least because the weather here is generally lousy, you cannot defend yourself with deadly force, and the place is so crowded. Switzerland is likely to be popular for those who want to go to Europe; some East European states will be attractive. And there is the whole of Asia to consider, possibly even the better bits of Latin America. But do not be surprised to read of a steady exodus of Americans in the next few years, assuming Obama proves to be as bad as some reckon he is. We might hear the accents of the West Coast or New York on the London Underground and in the bars of the West End a bit more.
Update: Here’s more on the collapse of the pound. At this rate, New Yorkers will be heading to London to do their Christmas shopping. Seriously, this shows that markets believe Brown has so badly mortgaged the UK economy on debt that Labour will try to turn on the money printing presses. And we know where that leads.