France Raises “Terror Tax” To Increase Funds For Victims Of AttacksScreen Shot 2016-12-29 at 1.47.43 PM
Due to the recent plague of terrorism that has swept through Europe, France is implementing a “terror tax” designed to help victims of terror attacks that strike their country. Starting on Sunday, French citizens will be forced to pay another 1.60 euros ($1.67) on their property insurance policies that will go towards a government fund to help those affected by violent acts of jihad.
Policy holders will be required to contribute 5.90 euros, up from the previously required price of 4.30 euros. Currently, there are about 90 million insurance policies that would be contributing to the fund.
In 1986, the government established the “Guarantee Fund for Victims of Terrorist and Other Criminal Acts (FGTI) to prevent insurance companies from developing side industries that might profit from acts of violence.
Within the last two years alone, over 200 people have died at the hands of Islamic extremists. On November 13, 2015, 130 French citizens were murdered by seven violent jihadists that were stationed in populated areas and executed a coordinated series of attacks around Paris.
On Bastille Day in July of 2016, 86 people were murdered and another 434 were injured when a 19-ton cargo truck drove through the crowded streets in Nice where people were celebrating the holiday.
The Bastille Day and November Paris attacks cost the country between 300 and 400 million Euros each.
Another 17 people were killed and 22 injured when a group of Islamic Extremists stormed the office of a satirical magazine called Charlie Hebdo with guns and shot at the employees because the magazine had run a cartoon depicting the prophet Mohammed.