Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's also not just London, France also borders Switzerland and Luxembourg, Andorra and the principality of Monacco and is not far from other tax havens such as the Channel Islands and Liechtenstein.
The latest generation of Eurostar trains are set to cut the 212 miles between the London and Paris to under 2 hours, making London within easy reach of Paris for those wishing to live in London to avoid Hollands new tax regime.
London's French population is set to increase dramatically as young professionals and the French Middle Class head for the borders and London to escape Hollande's new Socialist France and it's impending Tax rises.
I wonder how many young professionals in France make over $1.3 million a year to qualify for the top rate. I know for sure the middle class does not make that much.
I don't blame them for leaving France though. Personally I would have left a long time ago.
I wonder how many young professionals in France make over $1.3 million a year to qualify for the top rate. I know for sure the middle class does not make that much.
I don't blame them for leaving France though. Personally I would have left a long time ago.
If thats the top rate, I should imagine the whole tax system will be relatively high including taxes on middle income workers, indeed once the rich flee France (and invest their money abroad) the burdern of taxation will increasingly fall on to the shoulders of the middle classes.
I would think all the governments in the EU would adopt that tax system. I also think the rest of the world should. I think we should as well so long as there is a deductable exempting the bottom 90th prercentile from any income tax.
I would think all the governments in the EU would adopt that tax system. I also think the rest of the world should. I think we should as well so long as there is a deductable exempting the bottom 90th prercentile from any income tax.
Because governments spend money so much more wisely than individuals???
I would think all the governments in the EU would adopt that tax system. I also think the rest of the world should. I think we should as well so long as there is a deductable exempting the bottom 90th prercentile from any income tax.
I somehow doubt Hollande will be able to impliment this, it's anti-competitive and punishes entrepreneurism.
Keynesian style econmics and high taxation on top earners was tried by many countries such as the UK back in the 1970's and ended up an economic amd political disaster.
I wonder what Euro-socialist apologists have to say about Sweden in the early 90's? I'm sure there an excuse lying around concerning a global recession or some other unrelated incident.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
