The exodus from France grows and gains another high profile émigré.
How long before all of the millionaires leave France and take their businesses with them?
Additional proof that predatory wealth redistribution can lead directly to increased poverty and unemployment among those who would ostensibly benefit from it.
Or, as the Farmer’s Almanac might put it: You can’t gobble up the cow and milk it at the same time.
From the Daily Mail, a rare news report that has nothing to do with gruesome murders, tragic accidents, celebrity divorces, or bikini-clad starlets:
Sarkozy plans to dodge new 75% French tax rate by moving to London and setting up £1bn private equity fund
Former French President Nicolas Sarkozy is preparing to move to London to set up a billion pounds plus investment fund, it was claimed today.
If the move goes ahead, the controversial Frenchman will become the latest to escape a potential top tax rate of 75 per cent in his home country.
He and his former supermodel third wife Carla Bruni-Sarkozy would be likely to settle in an affluent district like South Kensington – so becoming the most high profile Gallic celebrity couple in the city.
But the former president is under investigation for corruption in France, and if he does cross the Channel there will be outrage.
Details of the planned move were uncovered during a raid by fraud police on Sarkozy’s Paris mansion last June.
It came within weeks of Mr Sarkozy losing his immunity against prosecution after being defeated by Socialist rival Francois Hollande in the May presidential election.
Now the hugely respected investigative news site Mediapart reports that the ‘first draft’ of Mr Sarkozy’s London project was found by detectives examining his computer files.
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