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67 sats \ 7 replies \ @jp305 10 Jul \ on: The left-wing French coalition hoping to introduce 90% tax on rich news
It makes no sense, do they really think people will happily give anything above 400k in the name of social justice?
These people have accountants, they will just keep more money in their companies or try to avoid it in clever ways.
This will clearly impact the luxury spending which will trickel-down on the general economy.
It's populism. Their voters mostly don't understand how rich work. They think that if their only source of income is salary, the same must be for the rich people. Biggest losers here are top level managers in companies that don't own much shares and mostly are compensated through salary. Of course, rich and smart people always find a ways.
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Best education here is to live in poverty under communism.
Create a corporation with offices in Ireland 🇮🇪
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