France is following in the footsteps of the United States with their election of a new Socialist president. President-elect Francois Hollande does not like the “rich”. The definition of “rich” is as nebulous as “fair share”. As the world is quickly discovering, fair share is just a means to steal the fruits of one’s labor and redistribute it to the underprivileged through social engineering. The end result of this Cloward-Piven strategy is always the same: the people in power gain more power and become even richer; and then they leave with their spoils when the economic collapse or overthrow occurs.
The article below shows the entrepreneurial strategy: leave. As American companies fled the United States to avoid the heavy tax burden and never-ending government regulations, the French producers are following in our footsteps. As the United States became a Socialist country under the progressive (Communist) agenda, the poor have become poorer and the middle class in enslaved in debt. We know that this did not happen in the past three years but we are seeing its consequences explode as Liberty fades. What are the consequences of fair share? Persecution of a portion of the country’s population and the loss of our freedom. Is this the legacy that you will personally pass on to your children?
David DeGerolamo
France Entrepreneurs Flee From Hollande Wealth Rejection
Jeremie Le Febvre, the 30-year-old founder of private equity marketing-services firm TBG Capital Advisors, plans to move to Singapore from Paris this year.
Not because of President-elect Francois Hollande’s pledge to boost taxes; rather for what Hollande’s victory says about how wealth is viewed in France, the entrepreneur said.
“What’s really driving my departure is the fact that I don’t share the values that emerged during the election, the rejection of ambition and success,” he said in an interview. “It’s part of France’s difficult relationship with money, but it has reached a new level. Even if it’s utopian, I need to believe for me and my descendants that the sky is the limit.”
France, the fifth-richest country and home to some of the world’s wealthiest people, including LVMH Moet Hennessy Louis Vuitton SA Chief Executive Officer Bernard Arnault, doesn’t celebrate its affluent. Hollande, a Socialist who once said “I don’t like the rich,” and who plans to slap a 75 percent tax on income of more than 1 million euros ($1.29 million), reinforces the sentiment that in France to be rich is not glorious.
“Hollande is using the 75 percent tax as a symbol to convey certain values through stigmatization,” Le Febvre said.
Hollande’s rhetoric against wealth and finance is prompting some in France to consider leaving, and European rivals are welcoming them. “Bienvenue a Londres,” or welcome to London, Mayor Boris Johnson quipped in January. Switzerland and Belgium have been just as warm.
