France and the 75%

[Townhallsavoy]

Here's an old article with an excerpt about this new president's desire to raise taxes on the rich to 75%. 

PARIS—French presidential front-runner François Hollande said taxpayers earning over €1 million ($1.35 million) a year would be subjected to a special 75% tax bracket should he be elected, underscoring heightened interest across Europe in raising taxes on the wealthiest individuals.

Speaking on French television late Monday, the Socialist candidate lamented the "considerable increase" in French corporate executives' pay, which he put at €2 million a year on average. "How can we accept that?" asked Mr. Hollande.

http://online.wsj.com/article/SB10001424052970204520204577251051439665674.html

Why would anyone live in France if they had to pay 3/4 of their income to the government?

[GH2001]

Why?

Breitbart said it best in the second part of the below quote:

"You need to join me in this war against the institutional left...They're a bunch of totalitarian freaks!" - Andrew Breitbart

[Tarheel]

Here's an old article with an excerpt about this new president's desire to raise taxes on the rich to 75%. 

http://online.wsj.com/article/SB10001424052970204520204577251051439665674.html

Why would anyone live in France if they had to pay 3/4 of their income to the government?

I suppose the so-called 99% in France like living there; they just elected the Socialist candidate cited in the article that you posted to be their new President.

http://online.wsj.com/article/SB10001424052702304363104577387392104042960.html?mod=world_newsreel

[Townhallsavoy]

I know they did.  I just have a hard time seeing the reasoning.  Is France going to close their borders? 

If I made 2 million pounds a year, I would be gone.  And with me would go my spending money and my ability to employ. 

Do the rich over there not have balls?  Isn't this how America basically got started? 

[Tarheel]

I know they did.  I just have a hard time seeing the reasoning.  Is France going to close their borders? 

If I made 2 million pounds a year, I would be gone.  And with me would go my spending money and my ability to employ. 

Do the rich over there not have balls?  Isn't this how America basically got started?

I was just speaking with a friend of mine this weekend who works for one of the Big Four accounting firms and she was telling me that extremely wealthy individuals in this country renounce their citizenship often.  It's gone up the past year or so exponentially.  While it's not a huge number there aren't a huge number of individuals that fit into the real "1%" category (for lack of a better term).  I expect it'll happen in France too.

Makes one wonder what is the price of patriotism and allegiance eh?

Here's a recent article (I have not read all of it, just the jist so I won't parse it here):
http://www.bloomberg.com/news/2012-05-01/wealthy-americans-queue-to-give-up-passports-in-swiss-capital.html#fadetoblack

[Tarheel]

I know they did.  I just have a hard time seeing the reasoning.  Is France going to close their borders? 

If I made 2 million pounds a year, I would be gone.  And with me would go my spending money and my ability to employ. 

Do the rich over there not have balls?  Isn't this how America basically got started?

I guess the rich everywhere like their money and wealth and possessions better than their balls.

[AWK]

75% tax bracket seems acceptable, people need help.

[Snaggletiger]

75% tax bracket seems acceptable, people need help.

It's only fair to pay your share.

[AWK]

There are people that have been brought down by society, downtrodden, that need our help.  Sometimes they can't work.  Makes sense.

[Townhallsavoy]

There are people that have been brought down by society, downtrodden, that need our help.  Sometimes they can't work.  Makes sense.

Well...after giving $4000/year to the Church at Brook Hills, volunteering at homeless shelters, providing extra help to numerous poverty-stricken students, giving out the occasional dollar bill to the street hobo, bringing supplies to April 27th tornado victims, volunteering at Toomer's for Tuscaloosa, AND giving my bum of a brother-in-law a place to stay multiple times a year, I thought I was doing my part.

Apparently not.  Tax me, Obama.  It's the only way. 

[GarMan]

Apparently not.  Tax me, Obama.  It's the only way.

[AWK]

Well...after giving $4000/year to the Church at Brook Hills, volunteering at homeless shelters, providing extra help to numerous poverty-stricken students, giving out the occasional dollar bill to the street hobo, bringing supplies to April 27th tornado victims, volunteering at Toomer's for Tuscaloosa, AND giving my bum of a brother-in-law a place to stay multiple times a year, I thought I was doing my part.

Apparently not.  Tax me, Obama.  It's the only way. 

If you need help, the government could help you too.

[ssgaufan]

Fucking idiots.   

[GH2001]

If you need help, the government could help you too.

I have to think you are being extremely facetious considering your comments the last couple of months.

Just for the record, the govt's job isn't to "help" in that manner. Its not really what they meant by general "welfare". Its a very Stalin/Lenin-esque tactic to have the public depend on the govt for that much necessity.

"No man can have a right to impose an unchosen obligation, an unrewarded duty or an involuntary servitude on another man There can be no such thing as the right to enslave." - Ayn Rand

"People who bite the hand that feeds them usually lick the boot that kicks them."  Eric Hoffer on the economics of Socialism

[Kaos]

Something about the big brown shiny one in the middle that I like. 

[GH2001]

Something about the big brown shiny one in the middle that I like.

Well.....judging from the picture, we know she is naive and gullable, so........

[GarMan]

Something about the big brown shiny one in the middle that I like.

Well, she's technically the best looking one in the picture, but it's kind of like picking out your favorite turd.  In a line-up of attractive broads, she'll probably drop out pretty quick. 

[Kaos]

Well, she's technically the best looking one in the picture, but it's kind of like picking out your favorite turd.  In a line-up of attractive broads, she'll probably drop out pretty quick.

No.  I don't think so.  I sort of like that big bodied, birth me a linebacker sort of frame.  She'd make great big brawny kids.  And I like her ears. 

[Saniflush]

No.  I don't think so.  I sort of like that big bodied, birth me a linebacker sort of frame.  She'd make great big brawny kids.  And I like her ears.

Bet she has some feet that look like this....

[Tarheel]

75% tax bracket seems acceptable, people need help.

Why stop at 75%?  FedGov should confiscate 100% of everyone's salary, bonuses, wages, earnings, capital gains; then, use what they need to run FedGov and pay the government union employees, pay the folk on social security, pay the welfare bums, pay the unemployment benes, pay the individual States what they need to operate; then pay out what's left in equal portions to the real producers.  That seems fair don't you think?