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81
New Renter
2012 Dec 18, 12:39am
New Renter
2012 Dec 18, 12:39am
Yep, communism works only on captive customers.
Soviet style communism only works when population is terrified of being sent to a gulag to become a force of slave labor. But even that does not work for long.
No system works for long.
82
bob2356
2012 Dec 18, 2:40am
Mind you, Belgium is no Hong Kong-where the max tax rate is 17% and there is no dividend/wealth/estate/capital gains taxes. Belgium maxes out at 50% or more of taxes.
Please don't confuse the ideologues with facts.
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http://homes.yahoo.com/news/is-this-your-chance-to-pick-up-a-chateau-on-the-cheap--190653964.html
The French are fleeing. A spate of proposed tax hikes is leading hundreds of wealthy French to consider leaving the country and putting their homes on the market, real-estate agents say.
Several high-profile businessmen have already packed their bags. Former L'Oréal Chief Executive Lindsay Owen-Jones has taken up residence in Lugano, Switzerland. Belgium now counts Amaury de Sèze, who served as chairman of supermarket giant Carrefour, as a local. Nicolas Chanut, founder of French investment advisory firm Exane, moved to London.
Flush French are fleeing the new government's attempts to repair France's public finances by increasing taxes on salaries, capital gains and household wealth. Among the controversial proposals in the 2013 draft budget is a 75% tax rate on salaries higher than $1.3 million, up from less than 50% currently. "Wealthy French are not that masochistic," says Mr. Jottras.
Some aren't waiting for the new tax laws to pass, blaming their departure on what they call the government's antibusiness mentality. "Entrepreneurs have the impression that the country doesn't appreciate them," says Mr. Boichut. One of his clients with dual French and Italian citizenship is giving up his French passport in disgust, he says.