Multiple parties are jockeying for position in the aftermath of France’s seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.
France’s left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.
The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France’s lower house of parliament.
President Emmanuel Macron’s Together bloc came in second and Marine Le Pen’s far-right National Rally (RN) party finished third.
France’s parties are now jockeying for position and it’s unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.
It wasn’t done nationally, but the U.S. state of Massachusetts did it recently and it was quite successful.
Once again, the rich people with their Boston penthouses and Cape Cod beach homes didn’t want to leave.
https://www.cbsnews.com/news/massachusetts-millionaires-tax-free-lunch-every-kid/
They raised $1 billion off of the relatively small number of rich people living in that state when the U.S. as a whole is taken into account.
There’s just no question to me that such taxes work. And the more places you implement them, the harder it will be to escape them.