The wealthy French wage earners are getting ready to leave France because of the threat, from French President François Hollande, of a 75% tax on their income, .
The super-wealthy Denise Rich has abandoned the United States, even though she has powerful political connections in the U.S., to escape high taxes. By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.
According to the Hurun Report, published on July 31st, more than 16% of China’s rich have already emigrated, or handed in immigration papers for another country, while 44% intend to do so soon.
There's no clear country that tax escapees have settled on, yet. But, if a dictator of some relatively small country, with a decent climate, decided to make his country a tax free zone, with a strong respect for property rights and few other regulations, he might end up creating a very rich country with plenty of freedom and super growth. The people of the rest of the world are ready.