The news came this week that Lev Leviev, Israel’s richest man, a diamond billionaire, is emigrating to the UK. Why? The obvious reason: the tax code in the UK is more hospitable than Israel’s. Make no mistake, Leviev is a serious Jew — a Chabadnik — who maintains a serious level of support, both ideological and philanthropic, for the Jewish state. Yet one can sympathize with his need to find a place to live that is less predatory of his wealth. (If you want more on Leviev, check out this recent Zev Chafets profile from the NYT Magazine.)
Rich people are vital to economic growth, and Israel just lost its richest person of all. What a needless shame.