Wednesday, November 14, 2012

A Real Live French Galt's Gulch

High taxes in France are causing many rich to flee the country. It will be a major drain from France of the most creative, resulting in something akin to a Galt's Gulch developing just over the French border in Belgium.

According to Belgian newspaper Le Soir, French superstar actor, Gerard Depardieu, has recently bought a mansion in the southern Belgium’s francophone region. His new home is in the town of Nechin, located just about a mile from the border, where French expats notoriously make up 27 percent of the local population.

The move could allow the French actor to escape the tax increases put on by the recently elected Socialist government in France.


4 comments:

  1. Of course, there's only ONE major country that taxes its citizens no matter WHERE they live...

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    1. Unfortunate as this is for worldwide liberty, you are no longer correct. Brazil shares that notoriety as of a couple of years ago, and takes it a step further, requiring RESIDENTS in their country pay taxes on worldwide income to the government of Brazil, regardless of their citizenship. This includes what could be construed as a capital gains tax on net worth. (Your net worth goes up 'disproportionately' to your income and you have to pay a tax on it.)

      I am not sure whether we americans should be upset at being bettered or amazed at the increasing gall of these OTHER americans ;)

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  2. I thought for PR reasons they made an exception for actors and other "culturally significant" professions?

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  3. " ... located just about a mile from the border, where French expats notoriously make up 27 percent of the local population."

    "Notoriously"? Only an establishment mouthpiece like Le Soir could think of it in those terms. I'd say "encouragingly".

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