…. Le grand escape! Panicking French elite bombard wealth managers with enquiries about moving to Italy and Switzerland amid growing fury over victorious hard-left's plans for 90% tax on rich and huge spending increases
LOL. My first reaction was: Do the French not want Rich people to live in their country?
If many of them leave, there will be no fortunes to tax. Oops. Meanwhile the eejits are planning to ratchet up the spending, because they plan to have MOAR moneez, because they said so.
https://www.dailymail.co.uk/news/article-13614051/Frances-radical-left-wing-coalition-tax-rate-rich-election-triumph.html
…. Le grand escape! Panicking French elite bombard wealth managers with enquiries about moving to Italy and Switzerland amid growing fury over victorious hard-left's plans for 90% tax on rich and huge spending increases
LOL. My first reaction was: Do the French not want Rich people to live in their country?
If many of them leave, there will be no fortunes to tax. Oops. Meanwhile the eejits are planning to ratchet up the spending, because they plan to have MOAR moneez, because they said so.
Yeah, that's going to end in tears.
Put on a burka, cash your check and quit bitching.
Going by French History. 9 times out of 10. The Biggest Threat to France is the French.
Billionaires and millionaires will be fleeing with their wealth in record time. I wonder if those same politicians will be taking a pay cut?
Lowering retirement age from 64 to 60. I guess the 90% rate should cover that.