So (LOL) can you guys at CC explain the ramifications of this to those at DU

[Ballygrl]

I just read this article, and I know it's like talking to a brick wall when it comes to the left, but maybe you can strike a chord for the few sane ones? I'll just add some snippets of the article, the entire article can be read at the link:

http://www.reuters.com/article/2012/06/18/us-france-election-idUSBRE85H1E520120618

French Socialists eye tax rises after big poll win

By Daniel Flynn and Jean-Baptiste Vey

PARIS | Mon Jun 18, 2012 1:44pm EDT

(Reuters) - France's Socialists vowed on Monday to use a resounding victory in weekend parliamentary elections to pursue President Francois Hollande's drive for growth in Europe while sticking to promises to cut the budget deficit, mostly through taxation increases.

Hollande will use a special session of parliament next month to whittle down France's numerous tax exemptions and pass tax rises for large corporations, especially banks and energy firms, in a bid to cut the deficit to within the European Union's 3 percent limit by next year despite a stagnant economy.

Economists expect the Socialist leader - who has also pledged a 75 percent tax rate on those earning over 1 million euros - to use an audit of the state's finances due early next month to water down his campaign pledges to increase spending on welfare and education and justify tax rises.

Hollande was expected to press the case for the growth measures - which include joint bond issue to fund infrastructure projects and better use of EU structural funds - at a summit of G20 leaders in Mexico on Monday.

Amid rising tensions between Paris and Berlin, Merkel has rebuffed Hollande's calls for joint euro zone bonds to resolve the crisis. She bluntly warned on Friday that France needed to urgently look to its own flagging competitiveness.

Many economists point to a sharp rise in wage costs over the last decade and the high level of welfare charges on salaries as the prime reason for France's rising trade deficit, which hit a record 70 billion euros last year. They note that salaries in Germany, France's main trade partner, have remained flat.

The Socialists, however, disagree. They say France's economy needs more investment in research and education, and they have also pledged to set up a new investment bank to lend to small- and medium-sized companies, which create most jobs.

[Ballygrl]

OK, so what will prevent companies from saying "screw this" and move to more tax friendly Countries?

[BlueStateSaint]

OK, so what will prevent companies from saying "screw this" and move to more tax friendly Countries?

Nothing.  Or the wealthier people.

[franksolich]

OK, so what will prevent companies from saying "screw this" and move to more tax friendly Countries?

Nothing.

[docstew]

OK, so what will prevent companies from saying "screw this" and move to more tax friendly Countries?

Nothing. Happens all the time. Why do you think CA is losing businesses and TX is gaining them?

[Ballygrl]

From the comments section:

Socialists eye more taxes. Don’t they always?

Anyone in France who has the common sense and wherewithal to get out should run before it’s too late.

Wow, what a SURPRISE! — leftist socialists clamoring for more taxes — who would have thought?

France should skip the part where they wave another white flag and just jump to the part where they all become serfs again.

Raising taxes and growing the economy are dichotomous. Only in a socialists mind would this work.

The French public sector now consumes 60% of GDP, and there is no plan to reduce this. Instead they are going to increase taxes on the producers. The net result will be a reduction in competitiveness, an increase in unemployment and ultimately a reduction in tax revenues. Brilliant!!!

And who the heck is going to pay those taxes? Are the rich so rich that they can support the government excesses and the welfare? I don’t think so.

Obama would be an excellent President of France. Want him?

My God! What company would hang around if the French government tried taxing them at 75%?

The vile hypocrite, Hollande The Socialist, who owns three houses on the French Riviera, will lead France with his socialist fairy tales straight over the cliff of economic reality. While the French painfully and vainly try to hold onto their once-great land which their hardy ancestors built up from tribal times onward, from the Cave Man times until WWII, they will ultimately lose their battle and become modern day serfs once again.

WWII is where French people took their fatal wrong turn toward their elitist operated socialism of today, the socialism historically powered by the grotesque vicious, futile waste of the French Revolution. Besides displaying the weakness of the French people, they also evoke contempt, such contempt that no one with any guts or brains will ever enrich the plundering socialist government through French tourism again, or even buy any more French wines.

[Ballygrl]

So companies will move out, then who pays the bills?

Obviously we know the answer to this, but does no 1 on the left actually get this?

[Ballygrl]

People on the left can't seriously look at California and think their utopia has been successful.

[Vagabond]

People on the left can't seriously look at California and think their utopia has been successful.

Are you kidding? It's the left.  California is still a work in progress, but it must be remembered that the left is not merely anti-business or anti-capitalism.  They are firmly anti-human.

[USA4ME]

Economists expect the Socialist leader - who has also pledged a 75 percent tax rate on those earning over 1 million euros - to use an audit of the state's finances due early next month to water down his campaign pledges to increase spending on welfare and education and justify tax rises.

They "expect."  OK, that means nothing.

What the EU will likely do is agree to a plan where taxes can only be raised so high in any of the EU countries and then auterirty measures will be put in place where gov't services will be shaved back to only so much.  In France, the socialists will sell it as a great plan, whereas if it were a conservative gov't proposing the same thing, the kooks would go crazy.

The key to any of this is that money rules the game, and liberals will agree to jump off the Millau Viaduct if their liberal leaders tell them it's OK.

.

[NHSparky]

So companies will move out, then who pays the bills?

Obviously we know the answer to this, but does no 1 on the left actually get this?

California STILL hasn't figured this out.  Nor has Maryland, Mass, New York, or other liberal shitholes.

[Ballygrl]

Well looky here, how the heck did I miss this? I told my Husband about France and he said he heard an interview recently with a celebrity, he forgot the name of the celebrity, and the celebrity said he wanted to pay more taxes, the interviewer told him to move to France and he could pay 75%, so I googled and it's Will Smith and here's his reaction:

http://www.sodahead.com/fun/a-celebrity-who-gets-it/question-2662849/

A celebrity who "gets" it?

During an interview this week with a French TV station, actor Will Smith said he supported the idea of paying higher taxes—but he was shocked when the reporter told him about a proposal from France's new president to raise the marginal tax rate to 75 percent.

"I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here—I'm a black man who didn't go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist," Smith said. "So I will pay anything that I need to pay to keep my country growing."

That's when the interviewer mentioned that France could have a 75 percent tax rate on income over 1 million euros.

"Seventy-five?" Smith gasped. "Yeah, that's different, that's different. Yeah, 75. Well, you know, God bless America."

Smith was in Europe to promote his new movie, "Men in Black III."

[Ballygrl]

[youtube=425,350]9FeqJ_9Zes4[/youtube]

[Ballygrl]

From the comments section at The Blaze which featured this story:

“I’m very supportive of that idea,” Smith told The Associated Press in an interview. “America has been fantastic to me. I have no problem paying whatever I need to pay to keep my country growing.”

Another liberal with no concept of economics. The American PEOPLE have been good to you. Not the government.

[DumbAss Tanker]

Obamanomics isn't going to work any better in France than it does here, and the example of an equally-large economy next door that follows a more fiscally-responsible path should be most entertaining and instructive...unless the French do some kind of quantum ****-up like they did in 1870, anyway.

[NHSparky]

Obamanomics isn't going to work any better in France than it does here, and the example of an equally-large economy next door that follows a more fiscally-responsible path should be most entertaining and instructive...unless the French do some kind of quantum ****-up like they did in 1870, anyway.

The one predictable thing about socialists is that they're so, well, PREDICTABLE.

"But it's GOTTA work this time--WE'RE in charge now!"

[Ballygrl]

An American lefty comments at reuters:

USAPragmatist wrote:

So what are al you righties going to say when/if ( I nor you all can make anything but a guess about what going to happen) France starts to have economic growth with the ‘Socialists’ in power. After all what they where doing before wasn’t working, austerity, so why not try something else? Only foools would continue to try the same thing that wasn’t working in the first place? Personally I am not a big fan of the French, but got to give them credit for bucking the obvious downward spiral associated with austerity during a recession.

When was France ever conservative when it comes to economics?

[SSG Snuggle Bunny]

Same article in OP:

tabatha (18,630 posts)
1. France - lead the way!

secondwind (3,359 posts)
2. Amen! K&R -- let the pendulum swing the other way for a change!

Away from prosperity?

harun (9,307 posts)
3. Vive France! Reap the rewards of an intelligent electorate!

hrmjustin (462 posts)
4. Good for the french!

wish we had it here.

byeya (286 posts)
5. First, freeze the assets of the ultra-wealthy for a short period so the tax legislation

can be duly deliberated and passed. Don't let them sneak their ill gotten pelf out of the country
while progressive tax legislation is being considered.

JDPriestly (31,804 posts)
7. My advice to the French: If you are going to raise corporate taxes,

impose a big penalty in the form of a large cash pay-out to each employee when laid off or fired without good cause.

Otherwise, the exodus of industry to the third world will increase.

nxylas (4,260 posts)
8. Funny how we're not hearing nearly so much about this as about the Greek election

"Austerions win" makes a much more compelling headline in the 1% media than "Corporatists lose".

MannyGoldstein (18,228 posts)
9. I want to move to France

On November 7th, after I do my part to get Democrats elected to office.

dmosh42 (1,382 posts)
10. This good news is not a reported item on my media! A fair sytem--unbelievable!

http://www.democraticunderground.com/1014146516

[Ballygrl]

I'm stunned that they think this will work.

[Ballygrl]

Umm, the DU wants to penalize people who remove their assets or who lay off or fire people, don't those admissions mean that this plan will backfire?

[SSG Snuggle Bunny]

Umm, the DU wants to penalize people who remove their assets or who lay off or fire people, don't those admissions mean that this plan will backfire?

To socialists, Socialism is the crystalline snowflake that forever withers at the first touch of a dissenter's finger. Each frustration demands an ever more absurd rationalization for its failure. The blame-shifting can never end. "It would have worked if only..."

[USA4ME]

USAPragmatist wrote:

After all what they where doing before wasn’t working, austerity, so why not try something else?

Uh, they haven't even scratched the surface of the austerity they're going to get, you idiot.  And their own socialists will be the ones who do it to them.

.

[Bad Dog]

"MannyGoldstein (18,228 posts)
9. I want to move to France

On November 7th, after I do my part to get Democrats elected to office."

Do you suppose Manny hopes to make a substantial contribution to France's tax receipts?

And, by the way, shouldn't it be "get democratics elected to office"?

[BlueStateSaint]

Obamanomics isn't going to work any better in France than it does here, and the example of an equally-large economy next door that follows a more fiscally-responsible path should be most entertaining and instructive...unless the French do some kind of quantum ****-up like they did in 1870, anyway.

Deutschsland Uber Alles.  (At least on the Continent, anyway.)

[SSG Snuggle Bunny]

Something else socialists are good for:

Antisemitism in France At Crisis Level -Govt. Won't Prosecute Offending Muslims