France’s left-wing New Popular Front (NPF), now the largest group in parliament, has proposed several ambitious policies, including a 90% tax on any annual income above €400,000. The NPF aims to introduce a progressive tax rate for high earners. This proposal would significantly impact individuals with substantial incomes. France is on the brink of a financial meltdown as the wealthy plan to flee the country due to a 90 percent tax.
BREAKING: New #French government calls for a new 90% tax on any annual income above €400,000.
Capital will leave the country so quickly the leftist government can't even look.
NINETY f* percent. Let that sink in. pic.twitter.com/leEL30bIPP
— Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) July 9, 2024
The French bond market is at odds with the Far Left running the kingdom. French bond spreads are heading towards European Crisis highs with the crazies proposing a 90% marginal tax rate. I’ll invite Art Laffer to Paris for a teach-in on how that will work out for them. pic.twitter.com/hgXfgVuDhG
— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) July 8, 2024
Sources:
www.express.co.uk/news/1920727
news.sky.com/story/the-left-wing-french-coalition-hoping-to-raise-minimum-wage-and-slap-price-controls-on-petrol-13175395
www.lbc.co.uk/news/french-left-wing-coalition-to-introduce-a-90-per-cent-tax-on-rich/
www.mkfm.com/news/videos/the-left-wing-french-coalition-hoping-to-introduce-90-tax-on-rich/
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