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Parts of this study seem dubious. Neither 'city' nor 'millionaire' is defined. The authors allege that rising religious tensions and a lack of opportunities are
by loeber 11y ago
Parts of this study seem dubious. Neither 'city' nor 'millionaire' is defined. The authors allege that rising religious tensions and a lack of opportunities are to blame for the French millionaire outflow. Is that the whole story? Could the aggressive tax rates and hurdles posed by regulation have more to do with it?
Here's a fun fact: when Hollande's 75% tax rate was announced, waiting lists at some of the more expensive francophone Swiss boarding schools ballooned overnight. Make of that what you will. (NB this tax rate was introduced in 2013 and dropped in 2014.)
- filereaper 11y agoMillionaire is defined at the bottom under "Notes and Definitions" Here's the relevant text: “Millionaires” otherwise known as “high net worth individuals” or “HNWIs” refer to individuals with net assets of US$1 million or more excluding their primary residences
- loeber 11y agoOof, didn't catch that, sorry. I normally expect definitions etc. at the very start.