90% Taxes: Leave France Before It's Too Late

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90% Taxes: Leave France Before It's Too Late

Рет қаралды 43,454

Күн бұрын

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Summary of the video:
France is facing political changes with the new Popular Front party implementing high taxes and controversial policies, leading to concerns among the elite and potential wealth exodus.
Highlights
Political shift in France 🇫🇷
High taxes and controversial policies 🏦
Elite seeking asset protection abroad 💰
Wealth migration to other countries 🌍
European countries facing similar tax challenges 🇪🇺
Warning to Europeans to consider options 🚨
Potential societal collapse due to policies ⚠️
Key Insights
The rise of the new Popular Front party and their implementation of high taxes and controversial policies highlight a significant political shift in France, causing concern among citizens and the elite alike. 🌐
The wealthy elite in France are actively seeking asset protection abroad in response to the new tax rates and policies, signaling a potential wealth migration trend that could impact the country’s economy and society. 💼
European countries, including Germany, Sweden, and Norway, may face similar tax challenges in the future, leading to potential repercussions such as wealth exodus, societal collapse, and increased restrictions on personal and financial freedoms. 🌍
The warning to Europeans to consider alternative options for asset protection and tax efficiency underscores the importance of proactive measures in safeguarding one’s wealth and well-being amidst changing political landscapes and economic uncertainties. ⚠️
The potential societal collapse in France due to the implementation of controversial policies and high taxes serves as a cautionary tale for other Western European countries, highlighting the need for strategic planning and diversification of assets to mitigate risks and preserve financial stability. 🚨
The impact of the new tax rates and policies on the French society and economy may lead to a shift in wealth distribution, economic growth, and overall quality of life, prompting individuals to explore alternative residency and citizenship options for greater financial security and personal freedom. 💰
As the political landscape in France and other European countries continues to evolve, individuals and businesses are advised to stay informed, adapt to changing circumstances, and explore opportunities for asset protection, tax optimization, and international diversification to safeguard their wealth and well-being in an increasingly volatile and uncertain environment. 📈
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

Пікірлер: 530

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@camela8445 Ай бұрын

Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan tax strategies accordingly.

@Deitricklaverne Ай бұрын

Yes let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.

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@udaan2001 Ай бұрын

I am from India. We had these 90% income tax rates in 1985 or so. We were told by all international agencies to rationalize. We had 400% duty on things like a cassette taperecorder then. Now highest income tax rate is 30% and peak custom duty on majority items is 15%. Dear Europeans, make better choices. I love Europe.

@GoldKingsMan Ай бұрын

No wonder my mum kept a cassette tape recorder from the 70's, though my dad lost it..

@ettoreiseppi683 Ай бұрын

Comunists saying "the right destroyes the democracy" is the best joke of all 😂

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@gomezfernandes662 Ай бұрын

She's on Instagram

@gomezfernandes662 Ай бұрын

Nicole Brusher

@jody-ne7xs Ай бұрын

Canada same as France maybe three years behind.

@it6642 Ай бұрын

Society is rotting

@Stormer-Europa Ай бұрын

Usury

@TaggeGust Ай бұрын

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@user-sr8jn1fd2s Ай бұрын

You'll own nothing and be happy!

@scienceandartclub Ай бұрын

YAh. Like a French child is probaly going to run to Spain after the video is over. Like he is racist. He told me that I an from a bad country because the government bans dual citizenship for people over 21.

@eadlondon-nm2uy Ай бұрын

While Gill Bates, Schw@bbie, and all their mates, will own everything and be even happier, laughing in fact.

@GoldKingsMan Ай бұрын

'Cricket noises'

@joannedavis1991 Ай бұрын

Most normies can’t figure out the last part.

@nadeemmahmood27 Ай бұрын

Democracy is a joke 😅

@ikvangalen6101 Ай бұрын

They put the mock back into democracy

@CarTastic-fv6eo Ай бұрын

Democracy no longer exist.

@FessanPanafric Ай бұрын

And they are the same ones singing the democracy song to the rest of the world 🌍🤔

@totuudentorvi7781 Ай бұрын

The joke is that people believe it's real.

@mikes8809 Ай бұрын

No such thing as democracy...

@KevinTalbotTV Ай бұрын

Fk that I left uk because I’m not paying 45%

@Avarua59 Ай бұрын

French companies: Ireland here I come!

@IrishKyokushin Ай бұрын

Ireland is ridiculously expensive. Plus we have a huge housing shortage [while our Govt persists on importing the 3rd world] so Ireland isn't an ideal location for multinationals at the moment.

@AngelaVlahos 21 күн бұрын

I'm German

@IrishKyokushin 21 күн бұрын

We're one of the most expensive countries in the EU. And we have a housing crisis [that our Govt can't be bothered to sort out]. So Ireland is not looking very attractive at the moment.

@xyyx1091 Ай бұрын

Wow 90% tax, so you work and risk your capital for 10%, of reward? These French are geniuses indeed, wonder how long did it take to come up with an idea like this. Let's see what kind of results will this bring to the country.

@Chris-pq3wp Ай бұрын

Venezuela 2.0

@traceyyoung2529 Ай бұрын

First of all, there is ZERO chance that this proposal will ever be voted in. It is not law...it is only a proposal from the far left that was put in place for the elections. Second, the 90% tax proposal is only for incomes over 400K. Third, the only reason that the left "won" is because they cobbled together a last-minute alliance with Macon's centrist party to screw with LePen and the Right and keep them from gaining a complete hold over the country. Most people in the countryside and smaller cities voted for the Right (and only the large cities went Left). Lastly, you gotta be kidding about the quality of life in France. Like anyone is going to move to Poland or Latvia or Hungary in lieu of France...what planet are you on?

@Maria-sz1fc Ай бұрын

@@Chris-pq3wpi do not think anyone will sanction and embarg france. but bond watchers will probably stop it by dumping French bonds to pressure politics

@Fripon403 Ай бұрын

Oh that's only a part! in total, the REAL income would be 2-6% That's communism like Stalin would do... (i'm french btw, 90% is only ONE income tax, we have 7, we should have 15 since the leftist won)

@enjoystraveling 16 күн бұрын

France had something like this before, high taxes, and some of the people just simply moved to Belgium.

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@georgelewis8831 Ай бұрын

I’m Argentine that left in 1969, believe me, you don’t want to go to Argentina!

@ermagerd101 Ай бұрын

Feel free to elaborate.

@DiamondsRexpensive Ай бұрын

Where are you currently? And where else do you advise to go?

@MrSokmalinowy Ай бұрын

With money I can go to Argentina 😊

@cQ2DHPavXTqemm9Vsbgi4TV7x Ай бұрын

you left over half a century ago…how can you say Argentina is bad and not elaborate

@Darkpx7 Ай бұрын

When you come with money from other Countries Argentina is great, but working there is bad because of the low value of their currency and the work environment . For instance going to live to argentina with 1 million dollars feels like living in the US with 8 Millions (up to 15 millions if you don't expend the majority buying a big house). It's a great country but every person born there will tell you otherwise until you tell them your budget.

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@mariadavis3797 Ай бұрын

French here not living in France.

@sfrwriter Ай бұрын

My country of origin, the Netherlands, is contemplating about an exit tax as per 1 January 2025 where emigrants will have to pay Dutch taxes for 5 years after they leave!

@mikefrost5786 Ай бұрын

Uk already does similar. In America its for life unless you give up citizenship. Disgusting

@sfrwriter Ай бұрын

@@mikefrost5786 It just really takes away the motivation to work at all. I feel like I'm constantly on the run. I was born in the Netherlands, then moved to Australia, now living in Canada, thinking about moving to Mexico while I still can. I'm afraid everyone is going to get the same idea and that might make getting into these countries harder!

@O_Observer Ай бұрын

Mexico just elected a socialist president

@sina6993 Ай бұрын

@@sfrwritermaybe the whole society needs to stop being greedy all the time. No morals just materials. No passion to serve your community unless there's a big reward waiting for you. And guess what. Folks like you earn their money from those people's pocket. The same people that you call lazy. The moment they stop using your services and products, you're done.

@sfrwriter Ай бұрын

@@sina6993 I'm not greedy at all. I don't care about material stuff. I live in a tiny condo. I have worked hard to pay it off. Why should I have to give 90% of my earnings to people who sit on their ass all day long? This is practically slavery. If you have to pay 90% tax, you may as well not work. What gives the government the right to steal the fruits of your labour? Don't get me wrong, I believe their should be some taxes to pay for collective goods, but 90% is ridiculous. The only ones who are being greedy here are politicians and big corporations. Not the average Joe and Jane who have put in their blood, sweat and tears.

@QuiLe-qw5jb Ай бұрын

Those France Socialist/Communist Leaders are paying 90% taxes too???

@michaelbenton2518 26 күн бұрын

Did you listen to the video ,those earning over four hundred thousand most of the communists leaders will not earn this .France will lose the money and businesses, poverty incoming.

@pierovalle8620 6 күн бұрын

What a question ? The taxes you pay is their income !

@CoolmoweeMusic Ай бұрын

Majority is not in place so this isn’t quite correct. New front had to do a coalition with Macron who is a centrist and they have to agree to stuff.

@rahulkarsayal-yd2gj Ай бұрын

everyone with brains buying XAI90G after last statement 🚀

@DeepakKumar-cl8fq Ай бұрын

I think this is superior to memes and such, really appreciate that it has actual value

@Gamingstudio991 Ай бұрын

strong movement on this!!

@Sahilkhan-sc3yl Ай бұрын

Wtf this is everywhere

@DeepakKumar-zc6ie Ай бұрын

Elon is a smart one with this, faster than anyone else

@NarendraSingh-vw9gx Ай бұрын

It is my favorite and I am really digging it

@Escape_The_Mundane Ай бұрын

My family come from germany. France is poor. Most of the wealth is concentrated in Paris. No money I heard in Wales, Brittany, Normandy, Ghent.

@hoffet11 Ай бұрын

Wales and Ghent aren't in France dude

@Escape_The_Mundane Ай бұрын

@hoffet11 Ghent in Belgium right next to French border. Have you heard of baden-württemberg? That where one of my family come from. I have cousin he lives in London.

@ravd8082 Ай бұрын

the whole western world is changing and fallen

@manhoosnick Ай бұрын

How is Germany

@szymonbaranowski8184 Ай бұрын

as everywhere else money is were top wealthy are lol never in normal households as it should be

@marcbjorg4823 Ай бұрын

In France 60% of all jobs depend directly (state employees) or indirectly (state owned company) on the government. Only 40% of all employees in France work for the private sector. 75% of those who don't work for the Government voted for LePen. The EU and France has hone back to nobility and people... with the new nobility being the bureaucrats.

@szymonbaranowski8184 Ай бұрын

that was french specifics since forever, and it wasn't bad as each region had own rulers dynasties and people could move under one they preferred

@icucmerc Ай бұрын

Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth

@bombasticlove76 Ай бұрын

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

@Murmilone Ай бұрын

As a self-employed, I pay the lump-sum tax, around $700 per year. The income limit for this tax regime is around $700.000 per year. The effective tax rate for me was just 0.5% in 2023, going to be close to that in 2024.

@vadosg1238 Ай бұрын

Which country is this?

@MariaBelenSeyssInquart Ай бұрын

French adapt well to Argentina We have many former Presidents coming from French immigrants in Argentina: Lanusse and Peron and interim presidents Saint-Jean and Lacoste. Of course Evita (nee Duarte Ibarguren) and many Secretaries in the Cabinet: Boudou, Zorreguieta, Sigaut, Sourrouille, Lousteau, the list is very very long.

@Oh_I_Travel Ай бұрын

Yes, Evita had French-Basque mother.

@Avarua59 Ай бұрын

Any relation to Arthur Seyss-Inquart?

@CTNMusique Ай бұрын

This is what masonry does to one's career buddy

@MartinZanichelli Ай бұрын

@@Avarua59 I don´t think you will be answered. We have a silence code in Argentina about those topics. Nobody asks here anything to someone with a German last name as we would do with someone like me with Italian last name.

@senturi9645 Ай бұрын

You are 100% Correct !!!! 👍

@sfrwriter Ай бұрын

What a sad state of affairs 😢.

@riptyurass302 Ай бұрын

Saying they got the minority vote is misleading, they formed a coalition with other left-leaning parties to form a government. A majority of French voters voted for the parties in the coalition.

@CPTZK11 Ай бұрын

He is misleading on purpose

@lees5192 Ай бұрын

No he isn’t misleading , the combined vote of the left 26% is a lot less than National Rally 37%, yet the left get more seats , go figure that out

@novaia2643 Ай бұрын

You are misleading. Go look what happened

@lees5192 Ай бұрын

The 26% the left got is after they formed their coalition , 11% behind National Rally , get your facts rights

@Pantagrumiel2193 Ай бұрын

No, Lepen actually won. What happened is that these elections are organized in such a way that you have to elect a candidate per province. Therefore, in almost each province of the country where the left/center won, it was a 45% for the national rally /55% for the alliance of Macron, ecologists, center left, radical left and communists. Each time, the least likely to win candidates of these 5 allied parties stepped back to ensure the last one standing could gather all the votes. People wanting the end of the social security voted for communists and vice versa. All in all, the leftist parties lost, macron lost, but their unnatural (and already ended) alliances won, by one or two percents in each county

@steve6375 Ай бұрын

You came to the UK in 1066, so rich French people are welcome again to come over and enjoy a roast beef dinner. You may need a small boat though.

@Pantagrumiel2193 Ай бұрын

What happened is that these elections are organized in such a way that you have to elect a candidate per province. Therefore, in almost each province of the country where the left/center won, it was a 45% for the national rally /55% for the alliance of Macron, ecologists, center left, radical left and communists. Each time, the least likely to win candidates of these 5 allied parties stepped back to ensure the last one standing could gather all the votes. People wanting the end of the social security voted for communists and vice versa. All in all, the leftist parties lost, macron lost, but their unnatural (and already ended) alliances won, by one or two percents in each county

@szymonbaranowski8184 Ай бұрын

seems like time for people to move to stick to similar people or will loose forever

@tiagofilipe6592 Ай бұрын

The 90% would only be for money above 400k, which is ridiculous anyway. Mbappe and other football players that asked to vote against right wing parties don't care, since they play on other places or the politicians would find exceptions for them. See Beckham law in Spain for example! The amount of mismanagement, and the money extracted from the population by politicians and bureaucrats, is staggering. Europe is in clear decadence compared with Asia and North America.

@dimitrivancamp1013 Ай бұрын

90% is reasonable, 92% would be a bit over the top

@WealthyExpat Ай бұрын

Hahaha

@scienceandartclub Ай бұрын

@@WealthyExpat Stop. The video is too racist for me. Like dual citizenship is banned in my country, Like stop making people do so.

@Murmilone Ай бұрын

@@scienceandartclub dual citizenship is legal in most countries though. Just not your case.

@scienceandartclub Ай бұрын

@@Murmilone Dual citizenship is legal now in Singapore for people under 21.

@kimcatchpole1665 Ай бұрын

Pay for migrates more like it

@StuntDonk Ай бұрын

I am from Europe and most complaints are from people outside of France

@pietjan2650 Ай бұрын

You dont need that beard with such a jawline

@WealthyExpat Ай бұрын

Lmao

@dieuetmondroithonisoitquim338 Ай бұрын

True 😂

@WOWUPSIDEDOWN Ай бұрын

What kind of fate, future or risk does Andorra face being right next door to France but having radically different political policies?

@TiagoVarjao-uh3vc 10 күн бұрын

Aren’t they even taxing those that are French but don’t live in France

@carlgreene538 Ай бұрын

This is happened in France before with Hollande and the rich people fled to London.

@Jasmin.M-hz5ty Ай бұрын

Their is nothing normal about Croatia,just ask 600.000 croats that has moved out from Croatia.Beside,Croatia was doing much better in SFRY,unlike now,in ruined economy.

@Monkeyland03 Күн бұрын

All countries need to support small government and low taxes and capitalism. 😃

@1943colin Ай бұрын

' Leave France Before It's Too Late'. Where would you go? To Britain, which can no longer even build a motorway?

@kingmorley Ай бұрын

south America is the safest bet for the future

@louislavoie1238 Ай бұрын

My ancestors left France 400yrs ago because it was a hopeless place to live. The real tragedy is my beautiful Canada is now a hopeless shithole, with winter.

@stockae74 Ай бұрын

Sounds like KKKalifornia.

@indodom1141 10 күн бұрын

The V country you mentioned is not a fair comparision as they are sanctioned, hence their economic data is scewed to reflect the sanctions. New zealand tried a price and wage freeze gosh maybe 40 years ago and if i recall it didn't work. High tax places will cause tax flight, then they get desperate and look for more revenue within and the spiral begins.The government and the failed money management over years is and still is the problem. And when other countries are in trouble they are advised to take austeric measures, what signs of french fiscal pragmatism have we seen?

@johnmarkussen Ай бұрын

1 miljoen euro a year in europe is a lot of money.

@joannes767 Ай бұрын

How is this not collusion>

@iliumoftroy Ай бұрын

How many people earn in excess of 400k ?

@MMC619 Ай бұрын

It’s not about the numbers it’s about the money they bring in

@12567NoYouCannot Ай бұрын

The RICH will LEAVE FRANCE.

@enginesondemand2937 Ай бұрын

What are the odds you find another base only to be restricted to limited travel. Heard its maybe one short-haul flight every 3 years ... do carbon credits maybe buy you freedom to roam ? Thoughts anyone 😅

@neovis778 Ай бұрын

Well I guess the social contract is over, I guess too that inevitably these people will regret it.

@vickieadams6648 Ай бұрын

The same playbook is being used in the U.S., obviously it's effective.

@mikeriv60 Ай бұрын

Ahhh immigration what a joy-----less.

@ThomasChristopher-c4d Ай бұрын

Je suis favorisé financièrement, merci Jésus, bénéfice hebdomadaire de 32 000 $, quelle que soit la gravité de l'économie.

@DOROTHYNANCY-m6h Ай бұрын

Comment ..? Je suis un débutant dans l'investissement cryptographique, pouvez-vous me guider sur la façon dont vous avez réalisé des bénéfices ?

@MarvelousUbruwiogho Ай бұрын

Merci à Mme Linda .

@MarvelousUbruwiogho Ай бұрын

Elle est une courtier agréée ici aux États-Unis

@JamesMichael-p4g Ай бұрын

OUI!!! C'est exactement son nom (Mme Linda ), tant de gens l'ont fortement recommandée et je commence tout juste avec elle 😊 d'Abidjan Côte d'Ivoire

@DianaLori-c1m Ай бұрын

Je suis surpris que ce nom soit mentionné ici, je suis tombé sur le témoignage d'un de ses clients sur CNBC news la semaine dernière.

@GLHerzberg Ай бұрын

0:56 Categories and numbers but no indication of what are the scale of those numbers, i.e., meaningless.

@leosand4216 Ай бұрын

New popular front is not a party but an alliance/group of many parties with different leaders and political views.

@mralexcharlet-p Ай бұрын

Hopefully they won’t stay much at the power of my country for long

@illmatic1026 Ай бұрын

This is a damn shame.🤷

@appliedsurvival5356 Ай бұрын

How will this affect nearby countries likes Spain and Italy?

@valsobe4638 Ай бұрын

I think the marginal tax rate in US was above 90% between 1944 and 1963 because of all the money spent during WW2. The french are lucky, they no longer need to pay taxes if they move out of the country. But US citizens need to file taxes in US even if they move overseas.

@jake8077 Ай бұрын

buy gold and silver

@silverlining5796 Ай бұрын

Wealthy Expat has sad news on France. Well goodmorning

@jejudo3000 Ай бұрын

Speak some French for us Rafael 🇫🇷

@GoldKingsMan Ай бұрын

Never ever been to France, looks like a dump now.

@susanmullins7713 Ай бұрын

How to live on ten percent?

@illmatic1026 Ай бұрын

This is insane.😌

@samuelf7853 Ай бұрын

200% true very said in France !

@oppionatedindividual8256 Ай бұрын

Great, but 4:34 Switzerland isn’t a member of the EU. It is however a member of the Schengen Area.

@WealthyExpat Ай бұрын

Yeah I know

@ThomasSowell_ Ай бұрын

What about Lithuania

@Maria-sz1fc Ай бұрын

how would venezuela be doing without sanctions and embargos?

@kingaemond12345 Ай бұрын

Could you also make a video about the recent election in Mexico and the situation there?

@kimcatchpole1665 Ай бұрын

Like British rich left

@joemoa Ай бұрын

Uk and especially us is way worse

@user-nj4xe2ze5j Ай бұрын

Effective analysis effective communication.

@yassineelidrissi0000 Ай бұрын

Expat, do you mean immigrant?

@killabeats4049 Ай бұрын

Wealthy people are going to move to crypto

@szymonbaranowski8184 Ай бұрын

in Neverland that uses this currency legally without taxes 😂😂😂

@johnmcafee2751 Ай бұрын

Come and take it

@nikolaisinitsyn3113 Ай бұрын

Belarus is the best!

@Peterogen Ай бұрын

MAFIA

@bobtarmac1828 Ай бұрын

I told to so. Is it too late to cease Ai? Will everyone be laid off by Ai? Will Ai jobloss be the new normal? Swell robots doing everything. All so we can obey an Ai new world order?

@martinak1723 Ай бұрын

Will they really implement these new policies? they don't have a majority

@davidmccormick3742 Ай бұрын

You Haven’t Explained the French Voting System Correctly

@vern146 20 күн бұрын

its a rigged system, the second round allowed the two lower parties to drop candidates to reduce the votes available for the top candidate, Le Pen got 10 million votes and came 3 rd Nfp got 7 million votes and won ... explain that other than collusion and taking advantage of a rigged system.

@cloudious9676 Ай бұрын

the cartel always wins.

@simonesauerland5513 Ай бұрын

What’s about Switzerland 🇨🇭???😢😢😢

@jakejoyride Ай бұрын

Come to Poland with your capital and invest.

@quick24 Ай бұрын

Right, "... lots of countries in the European Union. Like... Switzerland " 😂😂😂

@WealthyExpat Ай бұрын

They joined yesterday

@sammy-ecommerce Ай бұрын

What's wrong with migrants?

@szymonbaranowski8184 Ай бұрын

they aren't at home what's not normal

@o0ZombieKillers0o Ай бұрын

0:33 Eventhough they had less votes in the entire country, the number of seats depends on the votes by state. They won Paris, for example, which gave them a big majority of seats in parlement.

@wanderingdoc5075 Ай бұрын

And you think that's right?

@o0ZombieKillers0o Ай бұрын

@@wanderingdoc5075 No, Im just stating the facts

@myronbourne6937 Ай бұрын

Don't expect him to do research lol

@clementekpo7606 Ай бұрын

Are they crazy? 90% 😲

@zarthustra7 Ай бұрын

The I slam ic Republic of France (and they are proud of it)

@Maria-sz1fc Ай бұрын

builds value? where? at the stock market casino?

@seadoomania Ай бұрын

It was a great country and culture 😢

@stumac869 Ай бұрын

UK going down the same route and won't be far behind under Labour.

@szymonbaranowski8184 Ай бұрын

they are far left because of their right already 😂

@ganjatakla Ай бұрын

I don’t know why the French are complaining? Don’t you all love your free stuff? Free hospitals, free daycare, free everything, well its not free, it comes from taxes. You all loved this system until it worked in your favor. Either way this 90% taxes won’t hit a large population because no one in France gets paid that much. They don’t even have enough jobs. Majority jobs are just making coffee and pastries for tourists.

@szymonbaranowski8184 Ай бұрын

which French? those living in province far from economic centres taken over by foreigners and liberals nit identifying as French? 😂

@christian-ir3lr 15 күн бұрын

Well, they won mate so put a sock in it!!

@johannakamstra-schickendan7380 Ай бұрын

If you cannot explain how and why Marine le Pen is ousted from the elections I am afraid you have not much knowledge of France politics.

@philmarsh7723 Ай бұрын

Price/rent/wage controls are virtually always a bad idea for almost everyone. So are tariffs, like those promised by both Biden and Trump. I'm socially liberal (left wing) but right wing and conservative as concerns economic policies.