Bookmark this Thread: DU cheers French socialists

[DumbAss Tanker]

It's sad to see a major Western country set a course for certain catastrophe.

Unless it's France.  Then, it's funny as all Hell!

 

[Chris_]

But but but, they legalized gay marriages and adoptions.

Glad to see they're paying attention to the important things.

[thundley4]

Another thread on this.

Eugene (13,966 posts)

 
France slaps 7 billion euros in taxes on rich, big firms

Source: Reuters

France slaps 7 billion euros in taxes on rich, big firms

By Daniel Flynn
PARIS | Wed Jul 4, 2012 10:55am EDT

(Reuters) - France's new Socialist government announced tax rises worth 7.2 billions euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by feeble economic growth.

In its first major raft of economic measures since Francois Hollande was elected president in May promising to avoid the painful austerity seen elsewhere in Europe, the government targeted companies and the rich with tax hikes.

An extraordinary levy of 2.3 billion euros ($2.90 billion) on wealthy households and 1.1 billion euros in one-off taxes on large banks and energy firms were central parts of an amended 2012 budget presented to parliament.

-snip-

Hollande says the rich must pay their share as France battles to cut its public deficit from 5.2 percent of GDP last year to an EU limit of 3 percent in 2013 despite a stagnant economy and rising debt.

-snip-


Read more: http://www.reuters.com/article/2012/07/04/us-france-budget-idUSBRE86307X20120704

*******it!
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Response to Eugene (Original post)Wed Jul 4, 2012, 11:28 AM
Wounded Bear (984 posts)
2. Can't wait to hear the howls...

from the RWers.

Response to Eugene (Original post)Wed Jul 4, 2012, 12:17 PM
beveeheart (16 posts)
3. Vive la France!

this former French teacher says.
Reply to this post

Response to Eugene (Original post)Wed Jul 4, 2012, 12:31 PM
MrTwister (62 posts)
4. That's what the voters wanted.

It must be great to live in an educated country.

Response to MrTwister (Reply #4)Wed Jul 4, 2012, 01:48 PM
 Aerows (9,290 posts)
8. No kidding

And welcome to DU, educated poster

Response to Eugene (Original post)Wed Jul 4, 2012, 01:36 PM
dtom67 (70 posts)
5. Just wait...

the Powers-that-be will soon take steps to tank the French economy, much like the Right-wing here in the US.

Response to dtom67 (Reply #5)Wed Jul 4, 2012, 01:39 PM
dtom67 (70 posts)
6. its in their best interest...

they cannot allow this precedent to create any positive effect for the French people. They will attempt to contain this " contagion ".

It will not be pretty...

Response to dtom67 (Reply #5)Wed Jul 4, 2012, 01:44 PM
 gtar100 (2,111 posts)
7. And then blame it on the tax increase.

Standard operating procedures for the wealthy who do not appreciate their position in life.