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If this passes, mark my words, within the next two years France will be spiraling downward in a full fledged depression as the nation's wealth flees the country and the government can no longer pay its bills.
Greece II: Electric Boogaloo
Greece II: Electric Boogaloo
PARIS The call to Vincent Grandils Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of Frances most profitable companies, and he was feeling nervous.
President François Hollande is vowing to impose a 75 percent tax on the portion of anyones income above a million euros ($1.24 million) a year. Should I be preparing to leave the country? the executive asked Mr. Grandil.
http://www.nytimes.com/2012/08/08/b...-leave-if-75-tax-rate-is-passed.html?_r=2&hpw