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

nee Wrote: Sep 28, 2012 10:53 AM
Dear Socialist France, Apparently you don't understand that no matter how much you tax the wealthy, it will not generate jobs or revenue because you have many people surviving off the backs of others. You didn't listen when Ms. Thatcher said that sooner or later you'll run out of ther peoples money, did you? And now, those wealthy people are going to take their money elsewhere because no one would be fool enough...or would they?
traitorbill Wrote: Sep 28, 2012 11:10 AM
Their next option will be to print monopoly money. Same as here. Kick that can down the road, there will always be rich people to blame for their political failures.
Dot2Dasher Wrote: Sep 28, 2012 11:09 AM
If they leave, good riddance. If you can pick up and go this country doesn't matter to you so have a nice trip and don't bother sending a postcard because we really don't care.
Buck O Wrote: Sep 28, 2012 11:26 AM
Gee, 'tard, if the wealthy job creators go, who will pay taxes and create jobs?
traitorbill Wrote: Sep 28, 2012 10:59 AM
But it makes them feel so good.

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,...