Wednesday October 31 2012 The prospect of a 75% tax rate on well to do French Citizens is bringing more homes to market. Laws, of course in France, restrict the number of properties for sale so this apparently brings the market more in balance. If the French are selling, who is buying? INdividuals outside the country who would not be subject to the increased tax on the income of French citizens living and earning in France. Which of course means more foreigners will reside in France. And so the French create their own displacement of Frenchmen and women.
On a related note, the head of the World Trade Organization declares that France is no longer competitive with Europe.
Or probably with any other country. The preference for social welfare has left a feather bed economy, this where England was in 1980 but then England was capable of changing.
Professor Elam 
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