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Another French Revolution? Gerard Depardieu Goes Galt

What if there were another French Revolution.  And this time, it was led by creators refusing to be robbed by the nanny state?  Well, one is beginning.  Earlier this year, the French foolishly elected socialists, and their PM decided that a really great way to raise revenue for do-goodery was to tax the evil rich at very high levels.  And, creators, like famous actor Gerard Depardieu have decided to vote with their feet, and leave France.  The Socialist PM fired off that the refusal to be robbed was “pathetic.”  Depardieu shot back and, in an open letter to Monsieur Ayrault, wrote, […]

British Raise Top Tax Rates, Two Thirds of Millionaires Left

Evidence shows again and again that if you want there to be less of something. , you tax it.  Well, either there is less of it, or it goes underground, which means you don’t get to tax it at all.  The British are learning this lesson now, as after passing a unsubstantial increase in their highest tax rate, they suddenly found that they had far fewer millionaires to tax.  The Telegraph has more… In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the […]