[Tax the rich in France? Louis Vuitton CEO saying au revoir: Bernard Arnault, CEO of Dior and Louis Vuitton Arnault has applied to leave France and move to Belgium in face of France's pending 75 percent tax rate. The Associated Press Paris] "Bernard Arnault --the richest man in Europe--has ignited an uproar in France over taxes, citizenship, patriotism and what policies the government needs to promote growth] "It's a pretty impressive achievement for one little statement.

Arnault — the CEO of French fashion giant LVMH, owner of houses Louis Vuitton— the richest man in Europe —and Christian Dior — is the symbol of France's treasured luxury fashion industry.

So when the face of “Made in France” confirmed Sunday that he had applied for dual citizenship in Belgium it struck deep chord in France's national pride.

Despite his protests, many thought it was an attempt to dodge the new Socialist government's planned 75 percent tax on the country's wealthiest..." Full text: Tax the rich in France? Louis Vuitton CEO saying au revoir Mt 26:11, Ro 13:13

See:

Prager University: Do High Taxes Raise More Money?

Margaret Thatcher on Socialism

Tax the rich in France? Louis Vuitton CEO saying au revoir