Tuesday, September 11, 2012

Pay or You Hate France!


What a complete asshole.
I love seeing French attitudes towards wealth. Bernard Arnault, a rich guy French guy, is leaving the country after President Hollande announced he planned to tax his type at 75% percent:
A day after French President Hollande made his case for new taxes, the public responded angrily to a report that its richest man, Bernard Arnault, was trying to avoid taxes by heading to Belgium.
Story here. Interestingly enough, there seems to have been a lack of outrage from French citizens when the Rolling Stones moved there as tax exiles from England.

I'm fascinated by the tax situation in France right now. I've seen a few stories pop up about how wealthy people were going to be fleeing the country, but it seemed pretty fluffy and was being pushed by conservative bloggers. I wasn't sure if individuals would really take the plunge. Turns out at least one did.