90% Taxes: Leave France Before It's Too Late
Vložit
- čas přidán 27. 08. 2024
- Where Millionaires Are Moving To ▶ • 10,000 Millionaires Ar...
💰 Book a Call and Become Our Client ▶ www.wealthyexp...
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.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Comunists saying "the right destroyes the democracy" is the best joke of all 😂
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.
No wonder my mum kept a cassette tape recorder from the 70's, though my dad lost it..
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
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.
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.
Diversification is your friend, even though the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
Yes, there's been a lot of talk about investing lately, but I'm new and want to know where to start. Can anyone explain where to start?
In my opinion, investing is not about getting rich, but rather about achieving financial independence. To become a professional investor, you need a financial advisor. I succeeded by following the instructions of my financial advisor (Nicole Brusher). I have no regrets so far.
Amazing, so amazing information you have. Can you share more details on how to reach your financial advisor? Like I said, I'm very interested and will start if I can get some help here.
She's on Instagram
Nicole Brusher
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
Sure! She interacts on what's App using the digit below 👇
Society is rotting
Usury
Canada same as France maybe three years behind.
You'll own nothing and be happy!
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.
While Gill Bates, Schw@bbie, and all their mates, will own everything and be even happier, laughing in fact.
'Cricket noises'
Most normies can’t figure out the last part.
Democracy is a joke 😅
They put the mock back into democracy
Democracy no longer exist.
And they are the same ones singing the democracy song to the rest of the world 🌍🤔
The joke is that people believe it's real.
No such thing as democracy...
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.
Venezuela 2.0
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?
@@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
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)
France had something like this before, high taxes, and some of the people just simply moved to Belgium.
Fk that I left uk because I’m not paying 45%
French companies: Ireland here I come!
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.
I'm German
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.
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You're right
That is why I had to start forex trading 2months ago and l now am making benefits from it.
speaking of forex trading I know I am blessed if not I wouldn't have met someone who is as spectacular as expert Eugene Murphy
The very first time i tried, i invested $2000 and after a week, i received $19000. That really helps me a lot to pay up bills
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Eugene Murphy. A widely known crypto consultant
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Could you please explain how beginners like me can start making this much 😢
Last week, I tried trading on my own and ended up losing $3K
He is a licensed broker and a FINRA AGENT here in the States.
Yes!!! That's exactly his name (Alex Robert) so many people have recommended highly about him and am I just starting with him from Brisbane Australia 🇦🇺
It's unexpected to see this name mentioned here; I saw a client's testimonial about him on CNBC just last week! 😮
I’m Argentine that left in 1969, believe me, you don’t want to go to Argentina!
Feel free to elaborate.
Where are you currently? And where else do you advise to go?
With money I can go to Argentina 😊
you left over half a century ago…how can you say Argentina is bad and not elaborate
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.
everyone with brains buying XAI90G after last statement 🚀
I think this is superior to memes and such, really appreciate that it has actual value
strong movement on this!!
Wtf this is everywhere
Elon is a smart one with this, faster than anyone else
It is my favorite and I am really digging it
Those France Socialist/Communist Leaders are paying 90% taxes too???
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.
What a question ? The taxes you pay is their income !
French here not living in France.
In light of the current economic trends indicating a potential downturn in the stock market and an impending recession, coupled with falling inflation rates, investors are advised to consider diversifying their portfolios. Exploring alternative assets such as gold and crypto trading would be a strategic move to hedge against the expected market volatility and inflationary pressures. This approach is crucial in navigating the complex financial landscape shaped by fluctuating Federal Reserve policies and the broader economic climate........Amidst this the insights of a knowledgeable guide like Kerrie Farrell can be crucial. Her expertise in navigating the nuances of cryptocurrency investments has been the key to understanding and making the most of these emerging financial trends...managed to grow a nest egg of around 4 b,tc to a decent 21 b,tc in the space of a few months....
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...
As a beginner, it's essential for you to have a mentor to keep you accountable..
Kerrie Farrell program is widely available online....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways....
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!
Uk already does similar. In America its for life unless you give up citizenship. Disgusting
@@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!
Mexico just elected a socialist president
@@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.
@@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.
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.
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.
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
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
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.
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.
Which country is this?
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.
He is misleading on purpose
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
You are misleading. Go look what happened
The 26% the left got is after they formed their coalition , 11% behind National Rally , get your facts rights
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
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.
Yes, Evita had French-Basque mother.
Any relation to Arthur Seyss-Inquart?
This is what masonry does to one's career buddy
@@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.
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.
Wales and Ghent aren't in France dude
@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.
the whole western world is changing and fallen
How is Germany
as everywhere else money is were top wealthy are lol never in normal households as it should be
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.
You are 100% Correct !!!! 👍
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.
90% is reasonable, 92% would be a bit over the top
Hahaha
@@WealthyExpat Stop. The video is too racist for me. Like dual citizenship is banned in my country, Like stop making people do so.
@@scienceandartclub dual citizenship is legal in most countries though. Just not your case.
@@Murmilone Dual citizenship is legal now in Singapore for people under 21.
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
seems like time for people to move to stick to similar people or will loose forever
I am from Europe and most complaints are from people outside of France
What a sad state of affairs 😢.
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.
Pay for migrates more like it
What kind of fate, future or risk does Andorra face being right next door to France but having radically different political policies?
This is happened in France before with Hollande and the rich people fled to London.
' Leave France Before It's Too Late'. Where would you go? To Britain, which can no longer even build a motorway?
south America is the safest bet for the future
Je suis favorisé financièrement, merci Jésus, bénéfice hebdomadaire de 32 000 $, quelle que soit la gravité de l'économie.
Comment
..? Je suis un débutant dans l'investissement cryptographique, pouvez-vous me guider sur la façon dont vous avez réalisé des bénéfices ?
Merci à Mme Linda .
Elle est une courtier agréée ici aux États-Unis
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
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.
All countries need to support small government and low taxes and capitalism. 😃
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?
Sounds like KKKalifornia.
The RICH will LEAVE FRANCE.
You dont need that beard with such a jawline
Lmao
True 😂
Aren’t they even taxing those that are French but don’t live in France
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.
1 miljoen euro a year in europe is a lot of money.
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.
Ahhh immigration what a joy-----less.
How many people earn in excess of 400k ?
It’s not about the numbers it’s about the money they bring in
0:56 Categories and numbers but no indication of what are the scale of those numbers, i.e., meaningless.
The same playbook is being used in the U.S., obviously it's effective.
New popular front is not a party but an alliance/group of many parties with different leaders and political views.
How is this not collusion>
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 😅
Well I guess the social contract is over, I guess too that inevitably these people will regret it.
This is a damn shame.🤷
Wealthy Expat has sad news on France. Well goodmorning
Hopefully they won’t stay much at the power of my country for long
Wealthy people are going to move to crypto
in Neverland that uses this currency legally without taxes 😂😂😂
buy gold and silver
Great, but 4:34 Switzerland isn’t a member of the EU. It is however a member of the Schengen Area.
Yeah I know
How will this affect nearby countries likes Spain and Italy?
200% true very said in France !
This is insane.😌
Never ever been to France, looks like a dump now.
Speak some French for us Rafael 🇫🇷
Could you also make a video about the recent election in Mexico and the situation there?
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.
which French? those living in province far from economic centres taken over by foreigners and liberals nit identifying as French? 😂
Belarus is the best!
Effective analysis effective communication.
Uk and especially us is way worse
how would venezuela be doing without sanctions and embargos?
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.
And you think that's right?
@@wanderingdoc5075 No, Im just stating the facts
Don't expect him to do research lol
Come and take it
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?
Like British rich left
What about Lithuania
Come to Poland with your capital and invest.
You Haven’t Explained the French Voting System Correctly
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.
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.
The I slam ic Republic of France (and they are proud of it)
UK going down the same route and won't be far behind under Labour.
they are far left because of their right already 😂
Will they really implement these new policies? they don't have a majority
How to live on ten percent?
MAFIA
builds value? where? at the stock market casino?
I am French. Do not worry. Everyone who is to pay that has left already. So, it is like to say, we will forbide dodos in zoo... the dodos are extinct!
how about French billionaires with companies in France?
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.
What’s about Switzerland 🇨🇭???😢😢😢
LEFTIES LOOSIN IT !!! 😢
Right, "... lots of countries in the European Union. Like... Switzerland " 😂😂😂
They joined yesterday
It was a great country and culture 😢
Lebanon is far more complex. Much of France is very safe. The citirmes there are no different than big cities anywhere.
Tell that to women in Paris that need to read book or look down to not get harassed 😂😂😂
im from belgium and yeah... even for us the highest TAXED country in the world 90% its insane!!
but you do get 30workdays vacation on a 35hours (is considered) a full work week... where do i sign?
the cartel always wins.
What's wrong with migrants?
they aren't at home what's not normal
WTF, too crazy 🤦🏻♂️