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Wed Dec 12, 2012, 01:49 PM

"The rich" are fleeing Britain and France following high tax hikes. [View all]

French Government Denounces Wealthy Leaving Country After Imposition of 75% Tax Rate

During his campaign for president, France’s Socialist President Francois Hollande famously declared “I don’t like the rich” and upon taking office hit the wealthy with a 75% tax rate....Now wealthy French citizens have responded predictably by moving out of France.
The English have also seen the same decline in wealthy taxpayers after it imposed a 50% tax. They are now going to reduce that tax after the departure of many wealthy Brits and David Cameron controversially pledged to “roll out the red carpet” for any French residents fleeing the massive tax hike. In the meantime, anger at the wealthy continues to rise in France, where “eat the rich” signs are appeared

http://jonathanturley.org/2012/12/12/french-government-denounces-wealthy-leaving-country-after-imposition-of-75-tax-rate/#more-57956

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Reply "The rich" are fleeing Britain and France following high tax hikes. [View all]
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