I must be slowing down as I get older, so it’s time of rectify this oversight.
If you think I’m exaggerating, just check out this chart on government spending. The public sector in France is more bloated than the ones that exist in Italy, Sweden, and Greece!
That’s quite an achievement.
And then remember that the new French President is imposing a new top income tax rate of 75 percent. Though, to be fair, President Hollande generously says he doesn’t the overall tax burden on any taxpayer to exceed 80 percent. All hail Francois the Merciful!
Notwithstanding this magnanimous gesture, some taxpayers have the gall (no pun intended) to object to this level of fleecing. Famous actors and successful entrepreneurs are among those saying Au Revoir and moving to jurisdictions that have less punitive tax laws.
What most amuses me about this exodus is the way France’s political elite is throwing a temper tantrum. How dare our victims run away!
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino