Multiple parties are jockeying for position in the aftermath of France’s seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.
France’s left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.
The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France’s lower house of parliament.
President Emmanuel Macron’s Together bloc came in second and Marine Le Pen’s far-right National Rally (RN) party finished third.
France’s parties are now jockeying for position and it’s unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.
This type of taxation I would say is a version of the Ultimatum game. If the taxation is too high, they simply move and then you get nothing
https://en.m.wikipedia.org/wiki/Ultimatum_game
It has to be high enough, but not so high that they just move to Switzerland
Exit taxes are “one shot”. You pay them when you move out and then enjoy a lower taxation level for the rest of your life. Not much of a deterrent, at best a last ditch attempt at grabbing a few more dollars as your highest tax payers leave.
Or you could make them so high that they are de facto an appropriation of funds.
You could tax based on citizenship, could make it the same €400,000 limit so it doesn’t effect normal expats and lower the rate a bit. Yeah the ultra rich can just buy citizenship in another country but many have at least a smidgeon of patriotism and won’t want to lose there citizenship.
Only the US and Eritrea are stupid enough bullies to tax on citizenship. Terrible f’cking idea.
It is actually an excellent idea, because it ensures billionaires don’t just move to Switzerland to evade taxes.