Prime minister David Cameron angered the French last month when he said he would "roll out the red carpet" to wealthy French citizens and firms who wanted move out and pay their taxes in Britain.But what do the French expect? In order to be a socialist, you must believe that people don't respond to incentives. But here's proof that they do. So why be angry when people are only doing what you should expect that they would do.
Tuesday, July 17, 2012
People react to incentives? You don't say.
Rich people are fleeing France to escape the confiscatory tax rate hikes.
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