Only in France

The French in recent years have seen one millionaire citizen quit the country every day. The reason? High taxes. The only problem with this is that the tax base created by the wealthy is evaporating, with all those rich people going to England, Belgium, and Monaco. So the French governmant has started to ease up on the tax burden. In an article in the Financial Times about this I say the following,

"The proposals form part of the tax reform initiative recently unveiled by Dominique de Villepin, ... [who] said no taxpayer should receive a bill for more than 60 per cent of the income."