Bernard Arnault, France’s richest man, seeks Belgian citizenship | euronews, world news Personal take on this: Can you really blame him? 75% is too much. I favour progressive taxation , but no one ever should have to give up more than 50% of their income in taxes . It is counterproductive and prejudicial to an economy focused on sustainable growth which is the healthy ideal of a vibrant capitalist society . To date, no economic model has ever seriously challenged capitalism's ability to encourage freedom and prosperity . In practical, factual and historical terms that statement is virtually unassailable. Ideally, taxation should not exceed 20% to 40% of income per year, depending on the stage of development that a state finds itself in. That's the 'sweet spot' . This rate of taxation would be ideally implemented via a VAT structure that is crafted to garner the respective target rate of taxation. This predictable stability would create a healthy economic environm...