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Rich in France Plan to Flee as 75% Income Tax Looms

highdemocratist Wrote: Aug 09, 2012 2:13 PM
Yup anything over 35% incometax will stall there economy and destroy the incentive to work and prosper and the rob the correct managers of the reinvestment of their money the russian and chineese failed experiments in communism havent sunk in to bad to have an idiot in charge

When France elected Socialist President Francois Hollande earlier this year, most of America looked over and said, "Good luck, idiots." Now, France's richest people are making plans to flee the country as Hollande plans to implement a 75 percent "rich" tax. Those so called rich people also happen to be the economic engine that drives the French economy through business and job creation. If the rich go, so does the economy.

“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis,...