Many of the high earners from across the channel have been contemplating making a permanent departure from France.This comes after the socialist leader Francois Hollande was elected as president in the recent elections. He plans to stop the previous President's Nicholas Sarkozy's policy of austerity and instead focus on higher taxes. he is loking to inplement a record 75 percent tax rate on those earning more than 1 million euros, which is on top of his proposed 45 percent tax rate on those earning 150 thousand euro's or more.#
I believe that this is the wrong approach to take, in a unfavourable economic climate, the governments policy should be aimed at rewarding entrepreneurship and helping small businesses, as well as becoming more efficient and cutting the deficit. Does he really think that the French economy will be able to grow when success is looked down on and taxed? Does he think he can borrow his way out of the crisis?
I believe that this is the wrong approach to take, in a unfavourable economic climate, the governments policy should be aimed at rewarding entrepreneurship and helping small businesses, as well as becoming more efficient and cutting the deficit. Does he really think that the French economy will be able to grow when success is looked down on and taxed? Does he think he can borrow his way out of the crisis?
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