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France: Is Anybody There? France’s Socialists Generate a New Class of Tax Exiles

The fiscal frenzy that has seized French socialists is not only grinding France’s economy to a halt; it is also attacking the very foundations of French society by destroying entrepreneurship and responsibility. Taxes are raining down on French citizens, and the promised “benefits” often seem to disappear before they have even been introduced. The French government’s 2013 finance bill has announced confiscatory tax rates on incomes and capital gains, and payroll taxes will be increased as well. But the socialists are shooting themselves in the foot, as such tax rates will destroy wealth and drive out entrepreneurs, capital, businesses, and young people. Thus, tax revenues will ultimately not rise but fall.

The message could not be clearer: The number of requests by French citizens to leave France are suddenly up by 400 to 500 percent.

You have to REQUEST to leave France?