I France goes through with their 75% tax plan, this guy will be followed by a
number of wealthy french. "Soak the rich" tax plans never acheive the
revenue their supporters claim. The rich simply adjust in various ways, and the
progressives are always so surprised, every time.
Hey, lets tax Apple products at 50% and then wonder why fewer people buy them.
Lets tax movie studios 80% and then wonder why they move shooting locations
overseas. Lets tax boats, cars, and houses with huge rates and wonder why people
buy less of them.Lets "soak the rich" in our city, state,
and/or country and wonder why they move to the next city, state, or country.We need fair taxes and people with money will pay them but when it
becomes punitive they will vote with their feet and wallets.
Those who expect cradle to grave welfare assistance have no problem soaking the
rich for more taxes. After all isn't it the greedy rich who owe them a
living? (Sarcasm for those who really do think that way.)