If you tax something you get less of it. In this case, Mark Perry, alerts us to this – what is for me the first – article on the possible extinction of a species in France. The species? The rich. It’s too early to tell what’s going to happen, but the preliminary indicators don’t bode well for rich-haters:

““We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.””

Ethan Fisher left in the first wave – he was the first wave. Myrada Fisher followed. Then an entire industry collapsed. Fiction becomes reality.

-JD Cross

 

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