France 9th in the richest ranking despite a so-called confiscatory taxation

France 9th in the richest ranking despite a so-called confiscatory taxation

France: rich country?

Whatever we say, with 2.07 million French millionaires in dollars, France is well established in the "head platoon" of the richest, elbow elbows with Germany, but obviously far from Switzerland which still cooks in mind with its 400,000 millionaires, with "average assets per adult (real estate and deducted debts) from $ 564,650 in mid-2019", preceding the inhabitants of Hong Kong ($ 489,260) and those of the States United and China, which continues to grow, all in a 2.6% increase in total wealth at the global plan that now reaches $ 360 billion, an average wealth by adult of $ 70,850 (+ + 1.2%)!

How can our country count so rich as it is reputed to have a "confiscatory" tax system? An annual Swiss credit study of October 21, 2019 on "global wealth" explains.
France, 9th at the "Top 10" of the richest!

wealthy people to erase the "size effects" the number of millionaires places Switzerland in front of Hong Kong, the United States, China and the Netherlands, France with more than 3% of millionaires Sliding just in 9th place, with "median assets" (median heritage) of $ 101,942, and 276,121 dollars of "per capita assets"!

So why and how a country that says having a "problem" with the rich, does it manage to contain as much and at a high level of wealth?

The French are comparatively better off than the Americans (where the median is $ 65,900 per adult) or the Germans (35 313 ​​dollars), the Americans being penalized by a higher debt ratio compared to the French, and the Germans being by a lower proportion of "real estate owners". But several factors explain these statistics deeper.
Influence of several factors. Inequalities of primary income

France is undoubtedly the country where we redistribute the most riches, but on the background of "very great inequalities" at the base. Thus, primary inequalities of revenue before tax and transfer are higher in France than in the Nordic countries and in the Anglo-Saxon countries such as Germany, the United Kingdom, the United States. Even though "the welfare state" (which does not really exist) reduces these inequalities, it is only partly.

Credit Switzerland has noted a decrease in inequalities since 2000 in most countries, the lowest 90% with 18% of household fortune, compared with 11% at the turn of the century, without it possible. However, talking about a "turning point", although Swiss credit notes that a "peak of inequality" was reached in 2016.
A little "progressive taxation"

Out of 1 000 billion euros of mandatory levies each year, including social security contributions, 75% are paid by all at the same rate, whether rich or poor.

Barely 90 billion are finally derived from "truly progressive" levies: income tax, inheritance tax and IFI (tax on real estate wealth).
The outbreak of real estate prices

Another-life capital gave rise elsewhere in the world, the owners' rate increases with the level of wealth and real estate is an important part of the heritage, its valuation being an important factor in entering the "Circle of Millionaires".

In France, the high incomes gather on a small part of the territory and in the most beautiful districts of the largest metropolises and the most coveted regions (Haute-Savoie, Côte d'Azur, etc.).

The "national average of real estate prices" has no sense, in the image of Paris: since 2005, prices are off nearly 100%, as in London, while elsewhere The evolution of real estate prices was much more moderate during the same period, as in Germany where the progression was about 50%, to finish through Spain with an evolution close to zero%!