France’s constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande

75% on over a million? that's fucking crazy. Maybe on earnings over 50 million or something because let's be honest, nobody needs that kind of cash.

They fear they could end with a rope around their neck, they know civil war is at stake.

I'm willing to pay 75% taxes unfortunately not gain 1 million euro for year ... and you?

... A rope around their neck? The guillotine can cut through the neck in 0.005 seconds. ... The blade itself was made of steel, and the heavy-duty rope was cotton

France is total f*cked! Looks like you have to conserve power and best be getting off the internet now!

France to mandate turning lights off at night to save energy!
[link to www.foxnews.com]

Oh, yes. The last time an absolute monarch turned out the lights in Paris, “the darkness was so complete that the city guards could report 15 unsolvable killings on a nightly basis,” says French historian Andrew Hussey .
Now, nearly 700 years after the bankrupt King Philippe the Handsome and his plodding Grand Chamberlain Engurran de Marigny banned illumination after dark in hope of squirreling money to pay off debt , Socialist French President Francois Hollande and his Baldrick Energy Minister Delphine Batho have resurrected the medieval strategy that contributed to France becoming one of the first recorded states to devalue its currency.
The city of light is about to go dark. [link to finance.yahoo.com]

It was always the plan.
The people making the laws are the rich, who in their right mind would vote to grease their own ass. All a show for Joe Shmoe in the street.

some major problems are converging together here...
economy + immigration + social security as whole = run to the hills

I wonder why people wants to go in the city, the future is to be far from them

anyway, this 75% thing won't have achieve anything really... it s a result not a cause neither a solution to our problems...

There should be no tax on any income because that makes you a slave.

Think about it. Why should I pay another a portion of my income? It is a great scam.

We're broke, the blade is stuck open and stainy, it doesn't fit today's standarts anymore, can you lend us some thousands to fix that old lady ?

By the way Obeymah seems to be willing to introduce close the same rate for the wealthy US taxpayers before year's end.

75% of one's income is unreasonable confiscation

Why do people put up with this or think it's acceptable?

Correction: they aren't putting up with it.

France has seen a massive exodus of their business owners and wealthy residents to the UK and Switzerland

Even Gerard Depardieu just announced he was moving out of France to Belgium to avoid the taxes

I don't understand why people do not comprehend that taxes are a form of punishment

If you punish someone for making money, they will either make less money to avoid the tax, or move to where they are welcome and their pursuit of profit isn't treated like a crime

Does that 50 Million include governments, do they need that kind of cash, those nobodies?

Perhaps 95% on all those with assets of and in excess of 1 Billion Euros?

With all the inflation that is going on world wide, the Billion is the old Million.

Hey, everyone has 24 hours a day.. everyone except the day they are born and the day they die. There is equality in that. So why not everyone gets 24 Units (Euros) a day to live on, everyone, without exception. What a concept.

If you are going to be socialist then you might as well be Socialist.. every one gets the same income every day, everyone, even ones that are in Comas. There is either Equality or there is not.

France is receptive target to socialo-communist propaganda, there we are after decades of subversive globalists operations, same for the US, we're screwed, we were free and wealthy now we're about to eat the roots from below ground level.

By the way, it is good to see some other people posting about other countries and their problems besides the nearly constant discussions on the USA's problems.

France's proposed tax hikes spark 'exodus' of wealthy

Looming tax hikes by France's new socialist government have triggered an exodus of the Gallic super-rich to 'wealth-friendly' nations like Britain and Switzerland.

[link to www.telegraph.co.uk]

Rich businessmen pulling out of France as tax-hit looms

A placard reading "for sale" on a balcony of an appartment building is pictured in Paris' eighth district in September 2012. A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.
AFP - A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.

"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.

[link to www.france24.com]


President Hollande facing a ‘massive exodus’ as super-rich leave France

President Hoillande is accused of driving France's greatest talents abroad yesterday after a spate of industrialists, artists and actors said that they were moving to countries such as Britain.

With the Socialist head of state seeking to curb the French deficit through tax hikes for the rich, critics warned of a "massive exodus"...

[link to www.thetimes.co.uk]

Last Edited by IssueX on 12/29/2012 11:17 AM

Likewise any tax on capital gains makes one a slave as well.

All TAXATION is for Re-distribution of Wealth. ALL TAXATION what so ever.

Who gets the distribution of those Tax revenues and why?

Yes, I know that there are long historical roots which make France open to this kind of idiocy, and that the French have a love/hate relationship with privilege and wealth...the division of the Left vs Right bank

I speak as someone who has family in France

However, these things hopefully go in phases

The irony is that former communist nations such as China and Russia now welcome capitalist activities and have a flat tax rate of 10-15%

Meanwhile, the formerly rich west industrialized nations are embracing the idiotic policies which left the soviets in a state of perpetual shortages and poverty for decades

Just one more chapter in the long book of man's stupidity and inability to learn from the mistakes of others

.


The problem with Socialism is that sooner or
later you run out of other people's money.


looks like sooner or later ... is happening now.


.

.

It's about corporate parasites, they steal everything from one side then switch to the other, we're old and expensive, they're young and unsuspiscious,the world is a business Mr Beal and you've messed up with the natural state of affairs !...

You guys understand that with Eisenhower as president America had a high-end tax rate of 91% and America prospered right?

Au revoir Francois...

Following World War II tax increases, top marginal individual tax rates stayed near or above 90%, and the effective tax rate at 70% for the highest incomes (few paid the top rate), until 1964 when the top marginal tax rate was lowered to 70%. Kennedy explicitly called for a top rate of 65 percent, but added that it should be set at 70 percent if certain deductions weren't phased out at the top of the income scale.[21][22][23]The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. It slowly increased to 39.6% in 2000, then was reduced to 35% for the period 2003 through 2012.[20] Corporate tax rates were lowered from 48% to 46% in 1981 (PL 97-34), then to 34% in 1986 (PL 99-514), and increased to 35% in 1993.

Just cancel the debt owed.

oh blow it out your ass

I am so tired of that particular talking point

before 1914 we had NO income tax, and the US became an industrial powerhouse

Briefly, after WWII, there were some emergency measures and tax rates, and tnat includes the insane confiscation of nearly 100% of some people's incomes, something which people like you just drool over

I guess punitive envy never goes out of style

But guess what, that same 90% rate drove many rich Americans out of the US to set up businesses and live outside the country. I know, because my parents met quite a few of them down in South America and in Europe

That's when they passed the law that made it so Americans would be taxed anywhere in the world, whether or not they lived in the US

But all that does is cause many to renounce their citizenship, just so they don't suffer double taxation in countries which have no friendly tax treaties with the USA.

Right now there is a waiting list of people waiting to renounce their citizenship in places like Hong Kong

So before you get all excited thinking how great you will feel when you get to tax people like me 75 or 90% of my income, please be alerted and advised in advance that plans have been made years ago and most with a brain have already figured out to prosper

We've seen you coming from a mile away.

Sorry to be blunt, but you can take your 90% taxes and go bite a fart