Tag Archives: rich

News

France’s proposed tax hikes spark ‘exodus’ of wealthy

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75% Tax Rate

Since the Socialist Hollande has come to power in France and is now proposing high tax rates on the wealthy, neighboring countries are starting to see the wealthy families from France enter or enquire into moving and paying taxes instead to a new jurisdiction.

The French tax rate proposed is 75% for the rich!  The previous highest rate was 41%!

“Now a large number of wealthy French families are leaving the country as a direct result of the proposals of the new government.”

Inquiries into luxury homes in London rose 30% in this years first 3 months.  It may have something to do with Prime Minister David Cameron’s position.  He stated that he would “roll out the red carpet” for those affected by the 75% French tax rate.

For more information on government, tax, unions and union mentality see prophet.tv.

See source article for more: France’s proposed tax hikes spark ‘exodus’ of wealthy – Telegraph.  Picture Source.

Opinion

RICH MAN POOR MAN AMERICA

What is poverty? Who do you define as poor? What is a luxury, what is a necessity?

Who defines poverty in America is an important question. The definition of poverty will dictate how much money is given in welfare.

Is our definition of poverty defined by media telling us what we need?

Even the poorest person in America is still far better off than a poor person in Sudan.

We are in danger of creating a nation of people who think they are entitled to the trappings of wealth without working for it.

Over years of ever increasing welfare, we now have created a nation of welfare dependants, who never would have been.

And now it is political suicide to try to take benefits away- you can’t hurt the poor after all.

This is the creation of a social welfare state, where we all need the government to look after us.

And a social welfare state breeds welfare dependance, making it very hard for the poor to leave welfare and work for a living.

But who will pay for all this – the rich guys?

The rich already pay more than 50% of all they earn in tax.

If we keep increasing the number of people receiving benefits, then who is paying into the system? This will eventually crash the system.