"The rich" are fleeing Britain and France following high tax hikes.

[thundley4]

dixiegrrrrl (27,783 posts)  Wed Dec 12, 2012, 01:49 PM

"The rich" are fleeing Britain and France following high tax hikes.

French Government Denounces Wealthy Leaving Country After Imposition of 75% Tax Rate

During his campaign for president, France’s Socialist President Francois Hollande famously declared “I don’t like the rich” and upon taking office hit the wealthy with a 75% tax rate....Now wealthy French citizens have responded predictably by moving out of France.
The English have also seen the same decline in wealthy taxpayers after it imposed a 50% tax. They are now going to reduce that tax after the departure of many wealthy Brits and David Cameron controversially pledged to “roll out the red carpet” for any French residents fleeing the massive tax hike. In the meantime, anger at the wealthy continues to rise in France, where “eat the rich” signs are appeared

http://jonathanturley.org/2012/12/12/french-government-denounces-wealthy-leaving-country-after-imposition-of-75-tax-rate/#more-57956
3

http://www.democraticunderground.com/10021966907

Nye Bevan (8,805 posts)
11. The EU allows free movement between any countries.

There is not even passport control between most countries.

The 75% tax rate will not last long. Soon enough there will be nobody in that tax bracket to collect it from.

The problem with socialism is that you always run out of other people's money.

It's a hugh bonfire.

[Freeper]

The Magistrate (79,380 posts)
6. I have Long Considered This, Sir, the Most Appropriate Possible Use For Our Country's Military

The seizure of assets hidden abroad from taxation, and the bringing of law to outlaw territories where tax evaders shelter.

 

[Chris_]

What does he think they're going to do?  Send a couple of divisions over to ransack Swiss banks like Babyface Nelson?

[thundley4]

Is he advocating invading sovereign countries to steal personal property that he wrongfully believes belongs to the government?  

[Freeper]

Is he advocating invading sovereign countries to steal personal property that he wrongfully believes belongs to the government?  

Are you surprised Sir? 

[Skul]

Is he advocating invading sovereign countries to steal personal property that he wrongfully believes belongs to the government?  

He most certainly is.

[Mike220]

What does he think they're going to do?  Send a couple of divisions over to ransack Swiss banks like Babyface Nelson?

He's a DUmmie, so that's exactly what he thinks. Nothing wrong with being a chicken hawk when it's a cause he believes in.

Sir.

[SSG Snuggle Bunny]

What does he think they're going to do?  Send a couple of divisions over to ransack Swiss banks like Babyface Nelson?

Is he advocating invading sovereign countries to steal personal property that he wrongfully believes belongs to the government?  

How many countries would that be?

And they'd all seize US property in retaliation.

We'd be kicking over EU banks, Chinese banks, Indian banks etc.

The dollar would crash

Imports would cease.

We'd be doing to the ENTIRE world what libs accused us of doing to Iraq.

[Chris_]

He's a DUmmie, so that's exactly what he thinks. Nothing wrong with being a chicken hawk when it's a cause he believes in.

Sir.

True.  Bill Clinton had no problem sending in guns and tanks to get some weirdo preacher down in Texas or to send some little kid with a dead mother back to Cuba.

[ScubaGuy]

That's a huge load of stupid in that thread.

[ScubaGuy]

Star Member Cleita (60,791 posts)
10. So what. It opens a niche for the not rich to become rich.

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Last edited Wed Dec 12, 2012, 02:23 PM USA/ET - Edit history (1)
The thing to do is don't allow them to leave and take their money with them. Sure, there is nothing you can do about Swiss or Cayman Islands accounts, but don't let them leave the country with the assets they have in the country and allow them only a limited amount of income from those assets to leave the country, hence they will still have to pay taxes. I believe we used to do that here. If you were living or working in a foreign country, you were only allowed to take out a certain amount of dollars a year. The purpose was to keep the money in circulation in this country.

AlexSatan (329 posts)
45. Two things

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So you contend that if a bunch of wealth leaves a country, new wealth will just fill that void? Where does it come from? Will it come from all of those around the person growing wealthy or will it be created? If it is created, shouldn't we encourage all rich people to leave so eventually everyone is wealthy?


Second, if it just within the EU, there is enough variation between countries that most rich could deal with that. And my understanding is that money IS taxed in the country it is earned in for pretty much all countries.

Star Member Cleita (60,791 posts)
48. If your last contention is true, then why would they be leaving because of higher taxes? I'm really

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not that interested but maybe you have the answer.

As to your other acid questions. In nature, if a species becomes extinct, another species fills in its place. Otherwise, read up on the fall of the Roman Empire or the Bubonic Plagues of the Middle Ages. When the wealthy of Rome disappeared and that of Europe due to plague, it opened up new opportunities. The European barbarian tribes took over the vacant estates of the Romans becoming the emerging kingdoms of Europe and the Plague paved the way for the Renaissance. You can't go wrong learning from history or observing nature.

Star Member Cleita (60,791 posts)
69. Forget them. I really want to get rid of the bankers and insurance companies and nationalize them.

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They are parasites and need to be made boring and practical and to serve the needs of the community.

As far as the forest, it was a metaphor. We have so much more to manufacture with. I would rather the forests were left alone personally. The Waltons are basically thieves who do it legally. They can leave forever as far as I'm concerned. Bring back the New Deal policies and 1950's tax rates that have been eroded over time and that's what this country needs.

None of them are smart enough to realize that the "parasites" are the ones paying all the bills.

ladjf (12,830 posts)
16. IMO, those rich who are fleeing Britain and France were making no monetary contribution to their

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Country anyway. England and France are fortunate to get rid of the greedy bastards.

Star Member sabrina 1 (31,580 posts)
21. If they are not contributing anyhow, let them leave. They are just a burden

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those who are paying their taxes.

I don't see the downside of getting rid of Corporate Welfare Kings. Eg, no more bailouts when they gamble away the country's wealth.

Somalia might be a good place for them. I don't know if they even have a tax system in place.

Star Member Nye Bevan (8,806 posts)
24. So don't stop at a 75% tax rate, go all the way to 100%.

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Might as well make absolutely certain that these people leave.

Hydra (9,385 posts)
28. And they are contributing to the economy in an irreplaceable way how?

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Basic capitalism- if they leave, someone else will move in to provide whatever service they were providing. If they were stealing it, then you get that net benefit of them not being around instead.

Really don't know why everyone wants to mix systems to create things like "Job Creators" and "Too Big to Fail."

Star Member sabrina 1 (31,580 posts)
30. I like that. The people really cannot afford to keep these people on welfare

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any more. We the taxpayers all over the world, have been propping them up for over 15 years now and it's time they get a job and pay their fair share like everyone else.

Third, revoke their citizenship if they do, and seize their property in france for redistribution & **** em.


Exactly. Money is god to them, let them follow their money to wherever they are hiding it. But they are dead weight on the countries whose economies they destroyed at this point.

[Chris_]

Star Member Cleita (60,791 posts)
10. So what. It opens a niche for the not rich to become rich.

How does one person being taxed make another person "rich"?

By the time you passed Mount Everest through the federal government and handed out a piece of it to ever "needy" person, they would each wind up with a pebble.  And there's only one Mount Everest... they're not making any new ones.

[Freeper]

How does one person being taxed make another person "rich"?

By the time you passed Mount Everest through the federal government and handed out a piece of it to ever "needy" person, they would each wind up with a pebble.  And there's only one Mount Everest... they're not making any new ones.

But that would be fair, everyone only has one pebble.
They seriously would rather have everyone poor than to allow some people to have more than others.

[SSG Snuggle Bunny]

Basic capitalism- if they leave, someone else will move in to provide whatever service they were providing.

Not if you steal 75% off the top they won't.

The thing that motivated the first capitalist to stop paying will motivate every one else to also flee or say, "**** it! Why bother?"

[BadCat]

In nature, if a species becomes extinct, another species fills in its place. Otherwise, read up on the fall of the Roman Empire or the Bubonic Plagues of the Middle Ages. When the wealthy of Rome disappeared and that of Europe due to plague, it opened up new opportunities. The European barbarian tribes took over the vacant estates of the Romans becoming the emerging kingdoms of Europe and the Plague paved the way for the Renaissance. You can't go wrong learning from history or observing nature.

Ever hear of the "dark ages" there, genius?

[tac]

I'll bet the masses over there would still welcome socialism/communism as the only form of government in this country, even if it has been a massive failure. But then they are idiots!

[diesel driver]

MY GOD!!!!

Could these people be any more STUPID!!!

If the brains of ALL the DUmmies was gunpowder, there wouldn't be enough of it to make a puff of smoke.

[wasp69]

I wonder if self profesed liberal Sam Dodd is paying attention to these consequences of liberal stupidity? 

 

[wasp69]

Ever hear of the "dark ages" there, genius?

Those who scream the loudest for the collapse of Western Society are the ones least prepared to survive it.

[Ogre]

I wonder how the DUmmies will feel once this starts happening in Califorinstan since Prop 30 passed?  Only a matter of time before the wealthy there "vote" with their feet.

[Vagabond]

I recommend, sir, that the magistrate, sir, drag his carcass down to the nearest recruiting station and sign up, sir.  Not that he will, this little chickenhawk wouldn't hesitate to use force so long as he won't get hurt.

The only thing that scares me about these assholes is all of their fellow travelers that think the rich owe them something or that whites owe them something.  They are going to be a special breed of nasty when the EBT cards quit working.

[Wineslob]

It's 7:30 am here. Is it too early to get drunk?

[Dori]

Don't these people have the ability to imagine the consequences of actions?

What if they put $100 in their checking acoount and the banker took out $75 just because he could?  I don't think they would want to continue to bank there anymore.

[Mr Mannn]

Don't these people have the ability to imagine the consequences of actions?

If they did they wouldn't be liberals.

the ability you speak of is only found among sane people.

[jukin]

The more I read these leftist blogs the more I know that this will not end peacefully. As always, the violence will (has started-->MI.) but it will end with the productive and successful crushing the freeloaders and takers. The question will be how far the victors go in their vengeance.