Mississippi Hopes To Lure French Tax Exiles

Is the future of states such as Mississippi — which offers startlingly low life expectancy, sky high rates of poverty and disease, and minimal government regulation and protection — as laissez faire tax havens for rich expatriates? Via Yahoo! News:

France’s new Socialist leader President Francois Hollande plans to slap a tax of 75 percent on all income in excess of a million euros, and territories with lower rates are hoping for a cash exodus. Now the US state of Mississippi is making a bid to recruit wealthy exiles.

Haley Barbour [is the] former governor of Mississippi, a southern US state that was in part founded by French settlers on territory at one point controlled by the French empire. “I wonder if we Barbour boys ought to set up a business to attract wealthy Frenchmen and successful businesses from France to Mississippi,” he mused, in an article for the website of the US magazine Foreign Policy.

“As a low tax, pro-business state with a regime of rational regulation, we could roll out the red carpet and run up the tri-color over Fort Maurepas. Bienvenue, mes amis!” he declared.

3 Comments on "Mississippi Hopes To Lure French Tax Exiles"

  1. Ironaddict06 | Aug 10, 2012 at 2:11 pm |

    Keep looking Frenchies.  The tax man coming to the USA soon.
    Higher & New Taxes are just around the corner in the USA.

  2. No self-respecting French person would set foot in the USA, much less Mississippi.

    No  worries.

  3. zhenghe253 | Aug 18, 2012 at 9:17 pm |

    tinyurl.com/cyk9xz2

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