#WELFARESTATE FRANCES RECKONING: RICH, YOUNG FLEE WELFARE STATE [WITH WARNING] WATCH! https://facebook/video.php?v=462990290505702&pnref=story HTTP://WWW.CBN.COM/TV/3254023064001 ALSO: Down and out: the French flee a nation in despair The failing economy and harsh taxes of François Hollandes beleaguered nation are sending thousands packing - to Britains friendlier shores telegraph.co.uk/finance/10390571/france-hollande-taxes-socialist-farrage.html France has been losing talented citizens to other countries for decades, but the current exodus of entrepreneurs and young people is happening at a moment when France can ill afford it. The nation has had low-to-stagnant economic growth for the last five years and a generally climbing unemployment rate — now about 11 percent — and analysts warn that it risks sliding into economic sclerosis. mobile.nytimes/2014/03/23/business/international/some-french-entrepreneurs-say-au-revoir.html?referrer The fiscal frenzy that has seized French socialists is not only grinding France’s economy to a halt; it is also attacking the very foundations of French society by destroying entrepreneurship and responsibility. Taxes are raining down on French citizens, and the promised shelters often disappear before they have even been introduced. forbes/sites/realspin/2012/12/18/can-the-last-taxpayer-leaving-france-please-turn-out-the-lights/ Thousands of French Households Taxed Over 100% cnbc/id/100749491#. Au Revoir, Entrepreneurs A year earlier, Mr. Santacruz, who has two degrees in finance, was living in Paris near the Place de la Madeleine, working in a boutique finance firm. He had taken that job after his attempt to start a business in Marseille foundered under a pile of government regulations and a seemingly endless parade of taxes. The episode left him wary of starting any new projects in France. Yet he still hungered to be his own boss. He decided that he would try again. Just not in his own country.
Posted on: Mon, 10 Nov 2014 04:47:35 +0000
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