“美元微笑”创立者警告英国税收已过“临界点”，英镑或面临“断崖式”暴跌

Group 1 - Hedge fund manager Stephen Jen predicts a significant depreciation of the British pound as the UK approaches a critical point where increased taxation no longer generates additional government revenue [1] - Jen expects the pound to weaken against major currencies such as the euro, yen, and Swiss franc due to rising taxes hindering business operations for the wealthy and corporations in the UK [1] - Following the announcement of a series of tax increases by Chancellor Rachel Reeves, the pound initially rose, achieving its best single-day performance against a basket of currencies since August, despite a 20% decline over the past decade largely attributed to Brexit [1] Group 2 - Jen references the Laffer Curve, which suggests that beyond a certain point, higher tax rates can actually reduce government revenue by discouraging work, savings, and investment [4] - He notes that the UK is currently "exploring" this relationship and highlights the recent departure of some ultra-wealthy individuals from the country [4] - Jen warns that if tax revenues decrease despite the new tax measures, it could indicate a significant problem, as current models assume individuals will remain in the UK [4] Group 3 - Despite concerns, Jen anticipates more tax increases in the UK budget in the coming years, with Reeves indicating that further tax hikes cannot be ruled out before the next election [8] - He cautions that if additional tax increases are sought by the government, market reactions may not be linear, suggesting potential volatility [8]