General view of the Eiffel Tower in Paris July 5, 2010. REUTERS/Philippe Wojazer
Down And Out: The French Flee A Nation In Despair -- Anne-Elisabeth Moutet, The Telegraph
The failing economy and harsh taxes of François Hollande's beleaguered nation are sending thousands packing - to Britain's friendlier shores
A poll on the front page of last Tuesday’s Le Monde, that bible of the French Left-leaning Establishment (think a simultaneously boring and hectoring Guardian), translated into stark figures the winter of François Hollande’s discontent.
More than 70 per cent of the French feel taxes are “excessive”, and 80 per cent believe the president’s economic policy is “misguided” and “inefficient”. This goes far beyond the tax exiles such as Gérard Depardieu, members of the Peugeot family or Chanel’s owners. Worse, after decades of living in one of the most redistributive systems in western Europe, 54 per cent of the French believe that taxes – of which there have been 84 new ones in the past two years, rising from 42 per cent of GDP in 2009 to 46.3 per cent this year – now widen social inequalities instead of reducing them.
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My Comment: I live in the Canadian french province of Quebec .... what started as a trickle last year is now a torrent of French nationals applying to immigrate with the intent of settling in Quebec. Among those that I have gotten to know in the past year .... their main reason for leaving was that as entrepreneurs (and most are entrepreneurs) they no longer felt that there is a future in France to start and/or run a small to medium size business.
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