This is too funny. I picked this up from Dan Mitchell.
Back in September, I related to readers that Bernard Arnault, France’s most wealthy man was packing up and leaving France for Belgium. He said it wasn’t to escape the 75% income tax, but we all know that’s the reason. Since then, Francois Hollande has taken a few more steps to confiscate wealth.
Mr Hollande has since introduced other hefty new charges on capital gains and inheritance, while increasing France’s wealth tax and an exit tax for entrepreneurs selling their companies.
Well, one can’t say Mr Hollande isn’t committed. What happened was a small oversight by the new French government. They forgot to seal and fence the borders. Arnault was just quicker than some. The fellow in the picture above is Gerard Dépardieu, apparently France’s best-known actor. He’s decided to be Arnault’s neighbor, along with hundreds of other wealthy French nationals seeking lower taxes.
So, let the crying begin!
Poor little commie wannabees. They thought people would willingly hand over their wealth and property for the collective!
Jean-Marc Ayrault’s outburst.
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.
Last week, Britons and other owners of second homes in France were told that the value of their properties could collapse after Mr Hollande’s government announced a sharp rise in capital gains tax.
Socialist MP Yann Galut called for the actor to be “stripped of his nationality” if he failed to pay his dues in his mother country, saying the law should be changed to enable such a punishment.
Benoît Hamon, the consumption minister, said the move amounted to giving France “the finger” and was “anti-patriotic”.
In a stinging editorial, Libération, the left-leaning daily, called him a “drunken, obese petit-bourgeois reactionary”. Le Monde mockingly exclaimed: “Bravo l’artiste!”, pointing out he had chosen to make his move “on the eve of a national conference on poverty”.
Jean-François Copé, chairman of former president Nicolas Sarkozy’s UMP party, yesterday said the actor’s departure was “terrible for our country and its image”.……
Far-Right National Front leader Marine Le Pen said tax exiles like Mr Depardieu wanted to “have their cake and eat it”, adding: “All these people general come running back when they have a health problem.”
Among Mr Depardieu’s neighbours in the village of Nechin will be members of the Mulliez family, who own the Auchan supermarket chain.
Goodness, the little Stalins are mad!!! Each action has a natural reaction. These things were entirely predictable, and, in fact, were predicted. The Laffer curve instructs us on such things. People move to protect their property and wealth. It is what people do. Further, there is very little incentive to work for wealth if you must give most of the product of your labor to someone else. I don’t know about other people, but if I were told that I could work, but have to turn over 75% of what I earned to someone else, I’m going to lay down. Every time! You think a mule is stubborn? I’ll just lay there like a cheap wh—- well. If people believe that’s a right and proper way to be, then they can go first. Pick up that shovel and start working your a$$ off ….. for me!! I’ll be on my porch drinking some beer, complaining about what I don’t have. Of course, it’s easier for me. I don’t have as much property to protect as the people above. But, that’s part of the curve as well. When I can look around and see the people who do far less but have as much or more than I do, then the incentive to do is greatly diminished. The curve works from the top end and the bottom. France has reached the breaking point on the top end. The US is reaching the breaking point from the bottom. Many of us would still work because it is an ingrained more. It is more about compunction than anything else. But, in a couple of generations, that more will be entirely gone from the US. Then what?
As to the charges of being unpatriotic, there are few things more patriotic to do than to teach a fellow countryman to be more reliant upon themselves.
Lastly, tying this into my prior post, I would ask, how long before the EU intervenes in the mobility that allows for people to move to places to escape oppressive taxation and wealth confiscation? My estimation is within just a few years. This is the natural result of the consolidation of authority.