Monday, October 08, 2012
Rich businessmen pulling out of France as tax-hit looms...
Welcome to Atlas Shrugged...this is what is coming to Obama's America....
A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.
"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.
A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.
"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.
Labels:
debt,
economic meltdown,
economy,
election,
entitlements,
Europe,
France,
Obama 2016,
Tax the Rich,
taxmageddon
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