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Roland99 (35,463 posts) France Gives "Fairness Doctrine" Details; Will Tax Millionaires At 75%http://www.zerohedge.com/news/france-gives-fairness-doctrine-details-will-tax-millionaires-75 With the Great June Socialist Revolution spilling over into July, here are some details as they become available from France: FRANCE TO HAVE NEW TAX RATE OF 45% FOR WEALTHY FRANCE TO TAX INCOME OF MORE THAN EU1 MLN AT 75%, AYRAULT SAYS FRANCE TO TAX CAPITAL INCOME AT SAME LEVEL AS WAGES FRANCE TO RAISE TAXES FOR LARGE COMPANIES, BANKS, OIL FIRMSBut... FRANCE TO ANNUL PLANNED VAT INCREASE PLANNED BY SARKOZY After all, it's only fair. In other news, we are rotating our secular long thesis away from Belgian caterers and into tax offshoring advisors, now that nobody in the 1% will pay any taxes ever again. The good news is that with the entire world set to adopt 100%+ taxes on "wealthy" individuals as defined arbitrarily by Ph.Ds, there will be no place to hide. Which incidentally is just the first step toward what we warned back in September 2011 will happen: a 30% tax on all financial assets. Everywhere.
russspeakeasy (3,765 posts) 1. WOW .
no_hypocrisy (23,555 posts) 2. Vive La France!
Ganja Ninja (14,526 posts) 3. Wouldn't it be ironic if all the money the wealthy have poured into political bribery ...ended up in causing a backlash like this over here.
Ichingcarpenter (26,204 posts) 4. ****ing Socialist Government .... now the economy will no longer trinkle down.think of the job creators for god's sake!!!!
hifiguy (8,156 posts) 7. I salute President Hollande and the French people.This is how it's done, fellow Democrats.
The DUmmies will blame President Romney Bush.
If they love it so much, why don't they move there?
French immigration policy.No, seriously.Which is interesting considering A) France is drowning in Muslim who bathe less than Frenchmen and B) libs accept in France what they call inhumane in the US.
The French government will shortly discover that money and assets are portable...
Can't wait to see if France turns into an even bigger shithole.
They could start a few hockey teams.
"The nation that couldn’t be conquered by foreign enemies has been conquered by its elected officials" odawg Free Republic in reference to the GOP Elites who are no difference than the Democrats
OK, putting my serious face on now, what happens when the millionaires in France move their money to more friendly Countries?
tpsbmam (3,559 posts)17. Total bullshit from a reich wing site.....I just searchedHuffPo, the NY Times, WaPo, the LA Times and Google......nothing. The ONLY thing that comes up for that is this reich wing website and other blogs that have quoted it (including DU).I call total reich wing bullshit.
You know, the German can save money by not invading France this time. They can buy it for pennies on the dollar Euro soon.
The Fwench will still surrender.
It's the electronic age. Some computer geek needs to make an aps for white flag waving by E-mail.