Francoise Hollande

WEALTHY FRENCH FLEEING FROM SOCIALIST PRESIDENT’S TAX RATES

by Positively Republican  |  published on December 14, 2012

France’s Socialist president, Francoise Hollande, who has made it very clear that he actively dislikes anyone who has achieved wealth, wants to institute a 75% income tax on income over 1 million euros.

Some wealthy French nationals are looking to move to avoid that high of a tax rate.

French actor Gerard Dépardieu is joining a lot of other French nationals in moving just across the border to Belgium, which has lower tax rates. That provoked a reaction from the French prime minister. The Telegraph reports:

“‘Those who are seeking exile abroad are not those who are scared of becoming poor,’ the prime minister declared after unveiling sweeping anti-poverty measures to help those hit by the economic crisis.

These individuals are leaving ‘because they want to get even richer,’ he said. ‘We cannot fight poverty if those with the most, and sometimes with a lot, do not show solidarity and a bit of generosity,’” he added.

No comments yet - you can be the first!

Comments are closed.

Do you Love your country but hate your government?

Join your fellow Libertarians who seek a world of liberty; a world in which all individuals are sovereign over their own lives and no one is forced to sacrifice his or her values for the benefit of others. Join over 500,000 Americans who get their daily dose of minimal government and maximum freedom with The New Liberty Movement.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.