France: The Rich Look at Migration in Fear of Raised Taxes From Left · Global Voices

The political and budgetary instability that seems to be bearing the result of the 7 July elections, and there is a possibility that some of them will leave, according to a Bloomberg report. Their warning comes as the main political parties struggle to gain control of the National Assembly – which is now approximately divided into three sides – and form a new government of France. The possibility that some of the proposals for higher taxes formulated during the campaign to pay expensive spending programs could soon become law has allowed some of the richest people to weigh their choices on how to protect themselves. “People who can leave will leave if extreme policies are adopted,” said Emmanuel Angelier, president and co-founder of the La Financiere d’Orion property management company. “France will no longer be attractive to foreigners and the rich will leave”. Angelier is among the property consultants who received calls from panic-stricken customers during the four weeks of campaigning both rounds of voting completed Sunday (7.7.2024), with some sending funds abroad and starting investigations into possible expatriation.