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Net loss of €2.8 billion not gain of €1 billion. > The ISF was controversial; critics claimed it drove away wealthy individuals from the country, resulting in
by barry-cotter 9mo ago
Net loss of €2.8 billion not gain of €1 billion.
> The ISF was controversial; critics claimed it drove away wealthy individuals from the country, resulting in financial loss. A report by senator Philippe Marini estimated that 843 people left France in 2006 because of the tax, resulting in a net loss of €2.8 billion.[2][3]
https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth
- kleiba 9mo agoAt least that made the wealth distribution somewhat more equal in France.
- doxeddaily 9mo agoWhich helps nobody because that's not a measure of thriving or even of how well people are doing. It's a useless metric.
- lores 9mo agoIf the people of the country feel happier as a result, and society bonds are reinforced, that is absolutely thriving, weird US moneycentrism aside.