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by mcbaby 4548 days ago
I disagree that those "counter-arguments are even more ridiculous." Of course, I don't think every CEO will flee the country——they are bogged down by inertia. Some will, but when you have a family, a home, etc, it's a lot harder to do that, even if you want to. I think what these counter-arguments importantly point to is that soon-to-be CEOs, the leaders of up-and-coming successful, young companies—-the future of the French economy--will leave.

While it's a gross simplification, it is still interesting to think that 200-300 million is the price tag that the French government is willing to put on it's future generations of CEOs and successful companies, which is disappointing to say the least.

And like many others have stated, this may just be for political points. I would bet a large group of this demographic has no problem deferring salary for the next two years (thought it will be interesting to see if the tax is extended).
2 comments
forgottenpaswrd 4548 days ago
"I don't think every CEO will flee the country——they are bogged down by inertia. Some will, but when you have a family, a home, etc, it's a lot harder to do that, even if you want to."

You are not talking about CEOs. You are talking about normal people.

Normal people can't leave the home when the loan is not paid. People who earn millions dollars a year can leave the country and live in Brazil in Winter while taking his private jet like normal people take a car.

It is Europe we are talking about. You could live in the UK, Switzerland, Germany, Italy, Spain, Portugal, Turkey or Greece without problems.

In fact, most of the CEOs I know do exactly that.

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djur 4548 days ago
What work does a CEO do that's worth over 1.4 million dollars a year? How many of the French earning that much do you think would prefer to leave France rather than accept a merely enormous salary in lieu of an astronomical one?

The wager that Hollande is making is that the value of living and doing business in France is worth the cost being assessed (in the form of tax). I don't think it's apparent yet whether or not he's right.

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