In response to:

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

TerryJ22 Wrote: Aug 08, 2012 11:54 AM
StillStanding, Your comments regarding China is food for thought, However, I don't think the Chinese would risk such an action, if we are weakened Militarily and cannot respond in a conventional sense, that would leave the only response we would have left. China is not suicidal like Iran and would invoke massive retaliation should they make such a move.

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,...