In response to:

Welcome to Socialism: 75 Percent Tax For Rich Passed in France

dj3433bremerton Wrote: Sep 28, 2012 11:59 AM
To ensure that the blacks would stay in the south, and work cheaply for them these businesses offered to partner with blacks and this was called "sharecropping." It seemed like a good thing; the blacks were rented the land, and were given credit to buy the wear-with-all with which to farm the land. When the harvest ensued, they split the profit, 50/50. But the really insidious part of the deal, was that they charged the food, seed, livestock, and everything needed to perform their part of the arrangement. The company store then made sure that they charged more than the blacks made from the harvest.

This is what you signed up for, Frenchmen. The French government under new socialist President Francois Hollande has approved a 75 percent tax rate for the richest in the country and guess what? It doesn't even begin to solve economic problems.

The budget, approved by France's cabinet on Friday, said that the creation of a new 75 percent tax on millionaires and higher marginal tax rates on high earners would raise some 530 million euros next year.

The new budget also hikes taxes on businesses and investments. Back in May when Hollande was elected,...