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realclearworld

Mon Dieu! What a surprise!

François Hollande

François Hollande trying to add 2 plus 2

Socialist wonderland begins to implode as France's entrepreneurs flee the country to avoid a 75% tax.

French President François Hollande can't figure out why anyone would want to do that.

Report: Bernard Arnault, France’s richest man, seeks Belgian passport

By Associated Press, Published: September 8

PARIS — A Belgian newspaper says Bernard Arnault, France’s wealthiest businessman and boss of the LVMH luxury house, has applied for Belgian citizenship.

La Libre Belgique newspaper reported Saturday that Arnault’s citizenship application was confirmed by the head of Belgium’s naturalization office.

French media drew a connection to French President Francois Hollande’s plan to raise the tax rate on France’s highest earners to 75 percent.

But tax experts said obtaining Belgian citizenship would not change Arnault’s tax situation, which is determined by residence, not citizenship.

Arnault has been critical of the tax plan and many in France’s right-wing UMP opposition party have warned it could drive entrepreneurs out of the country.

Below: a gallery of Hollande responses to basic questions regarding the fundamentals of macroeconomics

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francois-hollande (1)

francois-hollandefrancois-hollande-financement-campagnefrancois Hollande-louche5
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Francois-Hollande-97795

3 comments to Mon Dieu! What a surprise!

  • Wealth flees as soon as the State takes it upon itself to plunder it.

    The law has been perverted by the influence of two entirely different causes: stupid greed and false philanthropy.

    ~~~~~

    Self-preservation and self-development are common aspirations among all people. And if everyone enjoyed the unrestricted use of his faculties and the free disposition of the fruits of his labor, social progress would be ceaseless, uninterrupted, and unfailing.

    But there is also another tendency that is common among people. When they can, they wish to live and prosper at the expense of others.

    ~~~~~

    Socialists desire to practice legal plunder, not illegal plunder. Socialists, like all other monopolists, desire to make the law their own weapon. And when once the law is on the side of socialism, how can it be used against socialism? For when plunder is abetted by the law, it does not fear your courts, your gendarmes, and your prisons.

    ~~~~~

    The law has been used to destroy its own objective: It has been applied to annihilating the justice that it was supposed to maintain; to limiting and destroying rights which its real purpose was to respect. The law has placed the collective force at the disposal of the unscrupulous who wish, without risk, to exploit the person, liberty, and property of others. It has converted plunder into a right, in order to protect plunder. And it has converted lawful defense into a crime, in order to punish lawful defense.

    - Frederic Bastiat

  • FreedomForCuba

    Me thinks French honeymoon with Hollande's government will end sooner than expected.

  • asombra

    Make Hollande the next Inspector Clouseau. Please. He was born for it.