France is basically communist.
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Topic: Will this cause France to get into Bitcoin - 75% Tax on Rich - page 5. (Read 5517 times)
75% is a bit exorbitant.. they are just doing to drive out money from the country. does france still have mandatory 35 hour workweeks? seems like they're too busy eating baguettes and drinking coffee (you know, to get cultured and all).
Jesus Christ how horrifying. France is going to be a 3rd world nation at this rate. This is not how socialism is supposed to work; you don't wave a pen and some guns around and expect positive results.
Socialism is great until you run out of other people's money to spend, right?
France is insane... why would any wealthy citizen stay? I'd move to Singapore
France is insane... why would any wealthy citizen stay? I'd move to Singapore
Remind me to never go to France. 1 million Euro becoming 250,000? No **** way. That isn't even "super rich". "Super rich" is what I'd consider like 5+ million a year but in any case 75% is so **** much.
5 million is nothing in an ultra expensive country like France. Super rich is more like 50Million+
Interesting point. It's kind of how the Cyprus debacle happened and then BTC price skyrocketed after that. I haven't seen any movement in BTC though yet, any idea when the 75% tax takes effect?
I do not think this will have hat much impact on Bitcoin.
People with that kind of money will just relocate.
People with that kind of money will just relocate.
75% tax is ridiculous. I should imagine people will be looking for alternatives and Bitcoin will be one which appeals to some. However, a lot of them will just relocate. This reminds me of the Cyprus issue, likewise this is not how you get positive results..it's just beyond horrific.
People with enough money and smarts will go elsewhere. Takes an awfully stupid politician (redundant) to not understand that!
I guess this the reason why Max Keiser left France and moved to London?
Remind me to never go to France. 1 million Euro becoming 250,000? No **** way. That isn't even "super rich". "Super rich" is what I'd consider like 5+ million a year but in any case 75% is so **** much.
Yes, and do what Gerard Depardieu did and just leave. Talk about stupid policy.
http://money.cnn.com/2013/12/30/news/economy/french-tax-75/index.html?hpt=hp_t3
75% tax on millionaire salary
More incentive to get paid in BTC?
75% tax on millionaire salary
More incentive to get paid in BTC?
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