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Johnny Depp Flees France Over Tax Hikes
Townhall.com ^ | September 3, 2012 | Daniel J. Mitchell

Posted on 09/03/2012 10:25:15 AM PDT by Kaslin

I’m a bad person. I know it’s not nice to take joy in the misery of others, but I can’t help but smile when I see a story about bad news in France.

In my defense, this is not because of hostility to French people, who have always been friendly to me. Instead, France has become the global symbol of statism (particularly since Sweden has been moving in the right direction). The French, for instance, are increasingly infamous for class-warfare tax policy and onerous levels of intervention.

And since it’s my job to promote liberty, I’ll confess that it’s easier for me to convince non-French policy makers that free markets and small government are the right approach when there’s more evidence that statism is failing in France.

So why am I smiling? Well, France wasn’t doing so well under the de facto socialist Nicolas Sarkozy, and it seems that things are looking even worse now that the de jure socialist Francois Hollande is in charge.

Here’s some of what Reuters recently reported.

“It’s always time for a tax hike!”

The French are bleaker about their country’s future than at any time since 2005, a new poll showed on Saturday, with 68 percent saying they are “rather” or “very” pessimistic… Hollande’s government has been reeling from unemployment at a 13-year high and a rash of job cuts in recent weeks at top employers like carmaker Peugeot and retailer Carrefour. The government launched a plan this week to create 150,000 state-sponsored jobs for youth. Only 34 percent of those surveyed were confident in the government’s ability to battle unemployment, and just 20 percent expect the government to be able to improve their buying power. …The poll found that the pessimism extended even to 58 percent of Socialist party supporters.

I’m wondering when the pessimism will spread to investors. France recently lost its triple-A credit rating, but the rating agencies don’t do a good job, so I think it’s much more important to look at the prices of credit default swaps.

In other words, how much does it cost for an investor to insure debt from the French government? According to this CNBC site, France isn’t viewed as being as creditworthy as nations such as Switzerland, Germany, and the United States, but it is closer to those countries than it is to Spain, Italy, or Portugal.

This is just a guess on my part, but I think France is reaching the point where investors are suddenly going to get concerned about the government’s ability to fulfill its promises.

If Hollande follows through on his threat to impose a “patriotic” 75-percent tax rate, for example, that could be the trigger that makes the bond market a lot more skittish. Particularly since it will result in fewer rich people in France.

I’ve already written about French entrepreneurs and investors leaving the country because of Hollande’s class-warfare tax agenda. It’s gotten so bad that even Hollywood types are packing their bags.

Actor Johnny Depp has moved out of France and returned to America because he didn’t want to become a permanent French resident and pay income tax there. …Depp has now moved his family out of France after government officials asked him to become a permanent resident, as he feared he would end up paying tax in both countries. He tells Britain’s The Guardian newspaper, “…France wanted a piece of me. They wanted me to become a permanent resident. Permanent residency status – which changes everything. They just want… Dough. Money… ” Depp goes on to explain that if he spends more than 183 days a year in France he will have to pay income tax in both Europe and America, adding, “So you essentially work for free.”

Wow, complaining that he doesn’t want to “work for free.” What is he, some sort of radical libertarian from the Tea Party?

But he may want to chat with fellow tax-averse actor Jon Lovitz before moving back to America. Obama’s class-warfare agenda isn’t as bad as what Hollande is trying to impose, but it’s not Hong Kong or the Cayman Islands either.

P.S. Here’s a very good Chuck Asay cartoon about the French economy.

P.P.S. In a few areas, France has better policy than the United States.


TOPICS: Business/Economy; Editorial; Foreign Affairs
KEYWORDS:
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1 posted on 09/03/2012 10:25:20 AM PDT by Kaslin
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To: Kaslin

It’s weird how all of the Hollywood “celebrity” frauds want Socialism/Marxism/Communism but they don’t want to have to pay for it.


2 posted on 09/03/2012 10:27:21 AM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: Kaslin

Don’t let his sorry ass back here.


3 posted on 09/03/2012 10:28:27 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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Comment #4 Removed by Moderator

To: Kaslin

i know, the french have become the butt of many jokes.

my favorite one was in the classifieds:

“french WWII lebel rifle for sale, never fired, only dropped once.”

Blessings, bobo


5 posted on 09/03/2012 10:33:23 AM PDT by bobo1
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To: Travis McGee

Did you say you’re starting to see French sailors starting to show up in your neighborhood with their “crash boats”?


6 posted on 09/03/2012 10:34:16 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: FlingWingFlyer
It’s weird how all of the Hollywood “celebrity” frauds want Socialism/Marxism/Communism but they don’t want to have to pay for it.

Yeah...funny thing there. These sniveling leftists sure make a grand noise about the need for greater "social justice" for all, but when asked to financially underwrite this policy they purportedly champion, they disappear completely. Almost as if they are advocating beliefs for others that they themselves do not hold.

There's probably a word for that...but I just can't think of it right now. ;-)
7 posted on 09/03/2012 10:35:09 AM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To be fair, I think some of the reason a few bigger stars live there is their laws on the Paparazzi are a LOT tougher than here, so if you are as recognizable as a Johnny Depp, I can understand wanting to get away from NY and LA paparazzi.


8 posted on 09/03/2012 10:35:12 AM PDT by Crimson Elephant
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To: Milton Miteybad

John Lennon “imagined” lower taxes, which is why he fled England.


9 posted on 09/03/2012 10:36:11 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: dfwgator

Canada’s small business taxes are lower than ours... Billions lost.
People all over the world refuse to fly to or through US cities because they are disgusted by TSA security... Billions lost.
Many very wealthy people have left the US because they can no longer stand the incessant encroachments... The “safety DUI search & seizure stops,” the endless permitting, OSHA, etc for business, the laws which screw Dads in divorces... And on and on... Billions lost...
But what’s really lost is America’s soul, the Constitution.
Don’t be so quick to point a finger at France. France sucks, but... It Tolls For Thee.


10 posted on 09/03/2012 10:37:48 AM PDT by golux
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To: Kaslin
feared he would end up paying tax in both countries.

Go ahead and diss France, but it's all about paying tax to Uncle Sam while living somewhere else!

11 posted on 09/03/2012 10:39:11 AM PDT by Revolting cat! (Bad things are wrong!)
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To: Kaslin
"I’m a bad person. I know it’s not nice to take joy in the misery of others, but I can’t help but smile when I see a story about bad news in France."

Please forgive me for a moment of pedantry.

The quote above is a perfect illustration of the meaning of "Schadenfreude". The writer is not only taking "joy in the misery of others"; he also clearly feels guilty about it. Schadenfreude is a guilty pleasure. If there is no feeling of guilt, it's just gloating.

Schadenfreude is a great word -- we had to borrow it from the Germans, because there's no word quite like it in English. Unfortunately, it's been so overused -- as a simple synonym for gloating -- that it's probably forever lost its special meaning. /pedant

At least, that's how I understand it. If I'm wrong, perhaps some greater pedant will set me straight.
12 posted on 09/03/2012 10:40:17 AM PDT by USFRIENDINVICTORIA
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To: Kaslin
Oh dear, Willy Sparrow doesn't like government stealing his hard earned wages...

welcome to the Liberal Democrat jungle you Hollyweird tool!

Better bundle for Obama pretty boy or you may have to pay like the rest of us!

13 posted on 09/03/2012 10:40:23 AM PDT by Happy Rain ("Who needs Michelle? The MSM keep Obama satisfied.")
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To: Kaslin

WE ALL LEARN AS WE GO..

It was reported he ‘broke up’ or left his girlfriend and the mother of their two children.. No reason why. Money perhaps. Likely another movie star affair.

God bless them. They must live an unusual life. At least here in America it is unusual. In a fish bowl unusual. France was more laid back and accepting, or something.


14 posted on 09/03/2012 10:41:37 AM PDT by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
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To: Crimson Elephant

As an ex-canadian, I usually am privy to tax attorney’s who handle some of the NHL players work stuff here in America. From what I’m told, (don’t want to say who or which team), it is cheaper for canadian players to set up shop in America than canada due to tax credits they receive using a certain visa. In canada, they pretty much take out 56% (around that rate), and they kill the NHL players returning to canada when it comes to tax time.

There is a reason why you see a lot of canadian ex-NHL hockey players marrying Americans and staying here for the long haul.


15 posted on 09/03/2012 10:45:49 AM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: Kaslin
Wow, what happened to all that euphoria after the election?!?!?!?

How un-Patriotic that Depp is, doesn't he know the taxes are for the good of the people?


16 posted on 09/03/2012 10:47:08 AM PDT by CapnJack
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To: Kaslin
Depp goes on to explain that if he spends more than 183 days a year in France he will have to pay income tax in both Europe and America, adding, “So you essentially work for free.”

Does he grasp what he said? Johnny Boy, that could be your epiphany moment.

17 posted on 09/03/2012 10:48:22 AM PDT by NonValueAdded (Taranto: "The whole point of the metaphor is that if you can hear the whistle, you're the dog.")
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To: dfwgator
"John Lennon “imagined” lower taxes, which is why he fled England."

Lenon's "Taxman" was probably the best anti-tax protest song of all time.

"Let me tell you how it will be

There's one for you, nineteen for me

'Cause I'm the taxman"

The Beatles had just worked themselves up to the 95% tax bracket.

http://www.metrolyrics.com/taxman-lyrics-beatles.html

18 posted on 09/03/2012 10:48:48 AM PDT by USFRIENDINVICTORIA
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To: dfwgator
Go to this site
http://www.bing.com/translator/
Type in the left field "Du bist ein Depp" without the quotation marks and click the translate button. This is what Johnny Depp reminds me of
19 posted on 09/03/2012 10:49:27 AM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Happy Rain
"Oh dear, Willy Sparrow doesn't like government stealing his hard earned wages..."

Arrgggh... he doesn't want to lose his booty to the taxman.

20 posted on 09/03/2012 10:50:01 AM PDT by Flag_This (Real presidents don't bow.)
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To: max americana

“As an ex-canadian, I usually am privy to tax attorney’s who handle some of the NHL players work stuff here in America. From what I’m told, (don’t want to say who or which team), it is cheaper for canadian players to set up shop in America than canada due to tax credits they receive using a certain visa. In canada, they pretty much take out 56% (around that rate), and they kill the NHL players returning to canada when it comes to tax time.

There is a reason why you see a lot of canadian ex-NHL hockey players marrying Americans and staying here for the long haul.”

Paying for socialized everything?


21 posted on 09/03/2012 10:50:11 AM PDT by Beowulf9
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To: USFRIENDINVICTORIA
Lenon's "Taxman" was probably the best anti-tax protest song of all time.

That was George Harrison, not Lennon.

22 posted on 09/03/2012 10:51:04 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: Kaslin

Johnny Depp hates the poor. Doesn’t want to do his part.


23 posted on 09/03/2012 10:55:19 AM PDT by TigersEye (dishonorabledisclosure.com - OPSEC (give them support))
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To: geologist
He is Heath Ledger walking—I give him six months.
24 posted on 09/03/2012 10:56:03 AM PDT by Happy Rain ("Who needs Michelle? The MSM keep Obama satisfied.")
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To: dfwgator

OMG! My bad. I’ve always thought that Harrison was under-appreciated, compared to McCartney — and there I go, failing to give him the credit he’s due. Thanks for setting the record straight.


25 posted on 09/03/2012 10:57:54 AM PDT by USFRIENDINVICTORIA
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To: Kaslin

Wait...I thought rich people were supposed to be willingly tripping over their own feet to pay as much tax as they can, even more. That’s what liberal hollywood tells us.

I’m so confused...


26 posted on 09/03/2012 10:58:02 AM PDT by reagan_fanatic (Worst. President. Ever.)
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To: reagan_fanatic

It’s another sign of pure MSM bias that no commentator ever asks these libs -

well of course you had your taxes calculated without the Bush tax cuts, right? right?


27 posted on 09/03/2012 11:01:37 AM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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Comment #28 Removed by Moderator

To: DuncanWaring

Sailboats, yes.


29 posted on 09/03/2012 11:10:24 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: max americana

Hmmm, this makes me think of Mike Fisher, who married Carrie Underwood. He is from Canada and a NHL star. They recently built a house in Nashville and he is now playing on an American team. Things that make you go hmmmmmmmmmm.


30 posted on 09/03/2012 11:10:43 AM PDT by Catsrus
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To: Kaslin
France voted in this misery - but then; so did we,vote in ours. Just seems they knew better; than the Lib zombie voters in US. And they do not have to wait four years to make a change...

As for the hollywierd hypocrisy. . .it - and 'they' - reek. . .

31 posted on 09/03/2012 11:10:48 AM PDT by cricket
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To: Kaslin

I like Johnny Depp as an actor but the man is a buffoon.

He should have to spend time at the Chateau Depp.


32 posted on 09/03/2012 11:17:55 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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http://en.wikipedia.org/wiki/Ch%C3%A2teau_d%27If


33 posted on 09/03/2012 11:19:13 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: USFRIENDINVICTORIA

A joke illustrating Schadenfreude...

A poor peasant is digging a field when he sees a brass lamp laying in the mud. He takes it out and starts rubbing the mud away, when a genie appears. The genie tells him he will grant one wish for freeing him, so choose carefully. The peasant thinks, then says, “My neighbor has a cow. Every day he gets milk, and he makes butter and cheese. I don’t have a cow, so whenever I want milk, or butter, or cheese, I must buy it from him. It’s not fair.”

“So”, the genie says, “what is your wish”.

“I want you to kill the bastard’s cow!”


34 posted on 09/03/2012 11:20:42 AM PDT by Hugin ("Most times a man'll tell you his bad intentions, if you listen and let yourself hear."---Open Range)
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To: Kaslin

The French, for instance, are increasingly infamous for class-warfare tax policy and onerous levels of intervention.


It goes beyond that...they murdered the last King & Queen of France after the French Revolution and of course went after the aristocracy. PBS last week aired a biography of the life of Marie-Antoinette using her letters and diaries to complete the picture.


35 posted on 09/03/2012 11:22:51 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: golux
Many very wealthy people have left the US because they can no longer stand the incessant encroachments...

I expected the really big yachts to sail in 2008 or 2009, but they're still swinging at anchor in the New York Yacht Club basin (well, except Romney's -- he's Cayman-flagged now)..... for now.

As soon as the Fed's free-money party stops, I expect they'll hoist hook for the Caymans or Vonaire or Bermuda, the latter the favored haven of refuge for some big Hong Kong money as reversion loomed in the late 90's.

Obama can't push through new tax rates without the House, but he can still direct the IRS to write a number of new tax-law interpretations unfavorable to taxpayers, and enforce them with audits. Retroactively to 2009 if need be, claiming "clarification".

36 posted on 09/03/2012 11:25:31 AM PDT by lentulusgracchus
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To: dfwgator

Obama is the taxman

http://www.youtube.com/watch?v=_0M__0Z1pjg

The walrus was Paul


37 posted on 09/03/2012 11:25:35 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Kaslin

I was just wondering yesterday about how France was doing with the new socialist in office.


38 posted on 09/03/2012 11:26:15 AM PDT by Albertafriend
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To: Kaslin

Er ist ein Depp!


39 posted on 09/03/2012 11:26:43 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: lentulusgracchus

-——except Romney’s — he’s Cayman-flagged -——

citation please


40 posted on 09/03/2012 11:26:43 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: Kaslin

“Depp” doesn’t mean anything in German.


41 posted on 09/03/2012 11:31:31 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Catsrus

Yup. He’s an Ottawa guy. Other canuck guys to mention are the sons of JP Parise and Ray Bourque...who play for Team USA. There’s a lot to mention.


42 posted on 09/03/2012 11:33:47 AM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: Kaslin; Bob Ireland; mickie; flaglady47
We don't want ya back, Jacque!

You were once a prince of our cinema, now you're just a frog.

Abas le corsaire!

Leni

43 posted on 09/03/2012 11:37:35 AM PDT by MinuteGal
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To: Kaslin

Outrageous. What will Hollywood say? An actor NOT wanting to give up his US citizenship? Funny how it all comes back around.


44 posted on 09/03/2012 11:40:52 AM PDT by EggsAckley ("There's an Ethiopian in the fuel supply!")
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To: Jack Hydrazine

Not Depp by it self, but if you put in “du bist ein Depp” using the Bing translation it comes out “you are a dork” and since my native language is German, I should and would know I believe


45 posted on 09/03/2012 11:45:29 AM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: FlingWingFlyer
It’s weird how all of the Hollywood “celebrity” frauds want Socialism/Marxism/Communism but they don’t want to have to pay for it.

Remember Will Smith's reaction when he was told the tax rate in France was 75%? He freaked out.

Mark

46 posted on 09/03/2012 11:46:02 AM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Revolting cat!

France is really bad, but the United States is racing to catch up. Regardless of who is the next president, socialized medicine is probably here to stay. Fannie Mae — a cause of the housing bubble — ain’t going anywhere. As for bailouts — just wait until the next big industry gets into trouble.

Worst of all is the old age entitlement state, with its death embrace of higher taxes and bigger government.

Pretty soon, there will be nowhere left on earth for us to go.


47 posted on 09/03/2012 11:47:22 AM PDT by heye2monn
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To: USFRIENDINVICTORIA
There is also Freudenschade, which means peevish envy at the good fortune of others.

At least that's what it means, now that I've made it up.

(I'm sure that a Google search will reveal hundreds of other great minds who have done likewise.)

48 posted on 09/03/2012 11:49:16 AM PDT by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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To: MarkL

Sure do. It’s funny how they all like to talk about how great socialism is until they figure out that somebody has to pay for it. The government has to steal the money from someone.


49 posted on 09/03/2012 11:50:57 AM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: USFRIENDINVICTORIA
Lenon's "Taxman" was probably the best anti-tax protest song of all time.

"Taxman" was written by George Harrison.

50 posted on 09/03/2012 12:01:50 PM PDT by LibertarianLiz
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