Tuesday, September 11, 2012

France taxing the rich at 75% rate

Leaving France because you are one of the richest man in the world and you are about to be taxed at 75% ? That is what LVMH boss Arnault is planning to do.

Too bad that we need one country to do something stupid and it happen to be France to warn the others not to try the same.

There are a few more populist but damaging policies which are difficult to persuade voters not to entertain. Like before it would be perversely helpful some other countries try them so that we will not.

C'est la vie or Such is life!

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