Posted by aogWednesday, 26 September 2012 at 08:53 TrackBack Ping URL

As part of French President Hollande’s economic “plan” he promised that he would raise tax rates to 75% on incomes larger than 1M€ per year. Bizarrely this has resulted in people with those incomes fleeing the country which is, of course, unexpected. The new tax rates will also hit the middle class which is probably also unexpected since Hollande campaigned on taxes for the rich. As noted it should be an interesting experiment.

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Hey Skipper Thursday, 27 September 2012 at 03:10

I try, not often successfully, to combat my tendency towards pedantry. But can something, the outcome of which is preordained, really be called an experiment?

Annoying Old Guy Monday, 08 October 2012 at 22:48

Yes, looks like Spain is experiencing the results of a similar experiment.

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