France: Exodus of 10,000 millionaires amid rising Muslim tensions

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France: Exodus of 10,000 millionaires amid rising Muslim tensions

Post by Irn Bru on Sat Jul 15, 2017 7:56 am

Rising tensions in France, especially in Paris following a series of Islamist terrorist attacks in 2015, have spurred an exodus of its super-wealthy citizens, a new report on migration trends of millionaires and high-net worth individuals across the world reveals. The report warns that other European countries, including the UK, Belgium, Germany and Sweden "where religious tensions are starting to emerge", will also see similar trends.

Regarding a Brexit, the report suggests millionaires would want to stay in Britain even if it leaves the single currency bloc.

The report was compiled by New World Wealth, an agency that gives information on the global wealth sector. The report was based on data collected from investor visa programme statistics of each country; annual interviews with around 800 global high net worth individuals and with intermediaries like migration experts, second citizenship platforms, wealth managers and property agents; data from property registers and property sales statistics in each country; and by tracking millionaire movements in the media.

Millionaire outflow

According to the report, Millionaire migration in 2015, France topped the list of countries with maximum millionaire outflows as it lost 10,000 millionaires, or 3% of its millionaire population. Among the cities that saw maximum millionaire outflow, Paris, was at the top – losing about 6% of its millionaire population or 7,000 millionaires in 2015 to the UK, the US, Canada, Australia and Israel.

"The large outflow of millionaires from France is notable – France is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas. We expect that millionaire migration away from France will accelerate over the next decade as these tensions escalate," the report warns.

Read the rest of the article here...

http://www.ibtimes.co.uk/france-sees-millionaire-exodus-religious-tensions-rise-1552423#ampshare=http://www.ibtimes.co.uk/france-sees-millionaire-exodus-religious-tensions-rise-1552423

After France, the list of countries ranked by millionaire outflows includes China ranked second, followed by Italy, India, Greece, the Russian Federation, Spain and Brazil in descending order.


Add to the message in the OP the rise of the RW extremists under Marine Le Pen then the picture becomes more obvious.

To claim the migration of millionaires from France is due to tax is just RW propaganda and mere speculation.
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Irn Bru
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