In response to:

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

wetheliving Wrote: Sep 28, 2012 9:12 AM
Ya that's the answer to our problems. Why didn't he pass his tax when he had 60 votes and a majority in the house? When Scott Brown won they rammed their health care plan through. They could have passed a Buffet tax or something too if they wanted to. Why is it that they always need Republicans to jump off a cliff with them?

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,...