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Bermuda's gain, France's loss, income inequality.

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  • Bermuda's gain, France's loss, income inequality.

    A reason why Bermuda ranks so high in the CIA World Facts listing of countries by GDP (PPP) per capita http://en.wikipedia.org/wiki/List_of...PP)_per_capita
    is that many super wealthy people moved there to escape high taxes. France is reducing its "income inequality problem," not just by taking so much money off its super wealthy people, but they are escaping for places like Bermuda.

    Someone joked to the effect that Obama would not dare to explain how he managed to better income equality by saying that he drove off wealthy people.
    The greater number of laws . . . , the more thieves . . . there will be. ---- Lao-Tzu

    [T]he truth Iím after and the truth never harmed anyone. What harms us is to persist in self-deceit and ignorance -ó Marcus Aurelius, Meditations

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