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French Elect Socialist President and Click Ruby Heels Saying “There is No Place Like Greece”
Confounded Interest ^ | 05/06/2012 | Anthony B. Sanders

Posted on 05/06/2012 2:22:06 PM PDT by whitedog57

Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years.

Socialist Hollande’s simple solutions include:

=Taxes *Impose a tax on financial transactions. *Impose a 75 percent income tax on earnings above 1 million euros ($1.32 million) and raise the rate to 45 percent for the income bracket between 150,000 euros and 1 million euros per year. *Repeal 29 billion euros of tax breaks over the next five years. *Increase total tax level to 46.9 percent in 2017 from 45.1 percent in 2012 (payroll and profit). *Increase tax on biggest companies to 35 percent. *Scrap Sarkozy’s 1.2 percent VAT increase.

-Public spending: *Raise state spending by 20 billion euros over five years. *Allow those who have worked more than the legal minimum of 41.5 years to retire from the age of 60. *Limit pay of executives at state-owned companies to 20 times the lowest wage. *Hire 60,000 teachers and school employees and 5,000 police officers over next five years. *Hire 150,000 youths in state-subsidized jobs over the next five years. *Cut French president’s and Cabinet ministers’ pay by 30 percent.

Slow growth, high unemployment and staggering deficits and debts are a tumor on the economy. And France decided to take up smoking heavily as a cure to a lung tumor.

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: debt; eucrisis; france; francecrisis; greececrisis; hollande; hollane; sarkozy; socialism
Saw on Zero Hedge. Look at what Hollande is proposing!!!!!!
1 posted on 05/06/2012 2:22:20 PM PDT by whitedog57
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To: whitedog57

And this guy posts charts that show how screwed France is. They just doubled down on stupid.


2 posted on 05/06/2012 2:23:24 PM PDT by whitedog57
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To: whitedog57

Socialists believe that there’s only one thing better than socialism: more socialism.

The god of state.


3 posted on 05/06/2012 2:26:48 PM PDT by lurk
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To: whitedog57
If we were smart, we would be lowering business taxes and startup costs and encourage rich people to move here and bring their businesses along.

If we can keep energy prices low using natural gas for electricity generation, we can insource their IT and datacenters, and chemical plants easily.

Same with Japan, by the way. Their factories need electricity, and they just shut down every one of their nuclear reactors.

Or we can totally blow the opportunity.

4 posted on 05/06/2012 2:30:40 PM PDT by Vince Ferrer
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To: whitedog57

Who’s left to tax?


5 posted on 05/06/2012 2:31:29 PM PDT by Huskrrrr
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To: whitedog57

Well you are talking about the French.


6 posted on 05/06/2012 2:31:29 PM PDT by scbison
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To: whitedog57
"*Cut French president’s and Cabinet ministers’ pay by 30 percent. "

Well at least he got one thing nearly right, although I'd cut it to at least 60%.

7 posted on 05/06/2012 2:32:40 PM PDT by LegendHasIt
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To: Vince Ferrer
Or we can totally blow the opportunity.

A Slam Dunk.

8 posted on 05/06/2012 2:32:40 PM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: whitedog57

I suppose Hollande has a special sauce that goes well with Greec(as)e? Hollandaise perhaps.


9 posted on 05/06/2012 2:33:41 PM PDT by MIchaelTArchangel (Da Bro' Gotsta Go!)
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To: whitedog57

LOL! Good luck with that.

Ok, luck doesn’t matter. We know how this ends, and, well.... I can’t help but laugh.

I just hope the producers get out before the borders are closed.


10 posted on 05/06/2012 2:36:48 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: whitedog57

He’s got one good idea, cutting the pols pay.

I guess the wealthy in France are already packing their bags.

They’ve seen this movie before.

BTW, I just bought a kindle book, a novel of the french revolution. It’s called “A Place of Greater Safety” by Hillary Mantel. It’s about Danton, Robspierre and Demoullin (sp?). The author just won the Man Booker prize for another book about Henry VIII.

I hope she’s not a psycho lefty and that it’s good. It got very good reviews.

I just didn’t feel like reading about Henry VIII, he’s responsible for so much misery even to this day.

Of course, so are the protagonists in the other book, but at least that group got what it deserved in the end.

Has any one here read any of her stuff?


11 posted on 05/06/2012 2:42:59 PM PDT by jocon307
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To: whitedog57; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...
*Scrap Sarkozy’s 1.2 percent VAT increase.

About the only tax policy of Hollande's that makes sense.

Hire 150,000 youths in state-subsidized jobs over the next five years.

They might as well, because all those tax increases will only ensure that the number of non-state-subsidized jobs goes down.

PING!

12 posted on 05/06/2012 2:43:26 PM PDT by Tolerance Sucks Rocks (Occupy DC General Assembly: We are Marxist tools. WE ARE MARXIST TOOLS!)
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To: Vince Ferrer

Some years ago I read of an immigrant who observed that America was the best place to run a business, but the worst place to raise a family.

Looks like we’re in the running for both these days. This will create a kind of negative feedback loop, as moron politicians tighten the screws and capital flight accelerates even more. As taxes continue to rise, regulations increase, yet tax receipts decline, there will be more calls for punitive measures against the “rich”, who by now have left the country if at all possible. Rinse, lather, repeat.


13 posted on 05/06/2012 2:46:37 PM PDT by Freedom4US
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To: jocon307
I bought "A Place of Greater Safety" at the used bookstore the other day.

Haven't started it yet...I'm looking forward to it.

If I like it, I'll read Mantel's "Wolf Hall" (written from Wolsey's point of view I think) also.

14 posted on 05/06/2012 2:53:39 PM PDT by what's up
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To: whitedog57

The Obama-Soros-Clinton-CIA machine has manipulated and controlled the outcomes of elections in the US and around the world.

France is simply the next nation to fall victim.


15 posted on 05/06/2012 2:55:21 PM PDT by Uncle Slayton
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To: whitedog57

The French have passed the point where a majority of gimmee guys and gals can vote themselves more of the workers money.
Of course they ae doomed because the producers will simply leave rather then pay tax rates of 75%.

Unfortunately we are rapidly aproaching that same point.

Europe will end up in turmoil and start another war sooner rather than later.

Things are not looking up.


16 posted on 05/06/2012 3:00:11 PM PDT by jwalsh07 (.)
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To: what's up

I know that Cromwell is the ‘hero’ of Wolf Hall, that’s the one she won the prize for.

Drop me a freepmail and let me know what you think of the book.

I’m oddly captivated by the French revolution, even though I’m not very knowledgeable about it. I did read “Citizens” by Schama a while ago, found out it was all far worse than I’d thought!

I’ve never been a big historical novel person, but I just need to read something that is not a murder mystery for a change.


17 posted on 05/06/2012 3:09:52 PM PDT by jocon307
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To: whitedog57

All the Muslims they let in and onto the voting rolls tipped the balance to the Socialists. I predict it’s all downhill for France from here on. The wealthy and productive middle class who can get out will start emigrating to London and elsewhere.


18 posted on 05/06/2012 4:28:50 PM PDT by House Atreides
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To: whitedog57
I can't wait to see what the markets do in response to this attempted national suicide.
19 posted on 05/06/2012 4:30:41 PM PDT by hinckley buzzard
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To: St_Thomas_Aquinas

I give him a year-—When France folds up like a house of cards he will blame everyone but himself. Watch the anti-Americanism rise! Next president will be LePen and her iron discipline as France will veer right into a state that we be the the right of the Vichy Republic. This is the last gasp of Liberalism before it fades from European Governance. The French Media—like our own if filled with lefties—and worked hard to counter any change. Some sad years coming for France.


20 posted on 05/06/2012 5:01:28 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: whitedog57
"The problem with socialism is that eventually you run out of other people's money" - Maggie Thatcher

What is economic suicide for $100 Alex.

21 posted on 05/06/2012 5:22:51 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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To: jocon307
Right you are...it's Cromwell.

It's going to be awhile before I get to "Wolf Hall" and I will read it only if I like "Greater Safety".

22 posted on 05/06/2012 5:31:29 PM PDT by what's up
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To: Forward the Light Brigade
"When France folds up like a house of cards he will blame everyone but himself."

Sounds like our leader.

23 posted on 05/06/2012 5:33:55 PM PDT by AGreatPer (Any Republican. Just NO Obama.)
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To: jocon307

This is a great film set during the French revolution.

http://www.youtube.com/watch?v=L6SnYSLFJiY

Use the Firefox add-on DownloadHelper to save a copy to disk.
This is a 480p video. Download the 480p flv version and use the free VLC player to watch it. This is as good a copy as my DVD copy is.

Things in the near future may get as bad in France as they were in the revolution (or even worse)


24 posted on 05/06/2012 10:39:53 PM PDT by Bobalu (It is not obama we are fighting, it is the media.)
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To: Bobalu

It’s a very thin line between civilization and chaos.

And that chaos can come from anywhere.

You can start off with someone who is basically a thug, like Hitler; but you can also start off with people who have some high-falutin’ ideals like the French Revolutionaries.

The part of “Citizens” that got to me was when they decided to execute the man who had served as the King’s defense attorney at the “trial” before he execution.

There goes your “rule of law” right down the tubes.

Another interesting thing was how narrowly Thomas Paine escaped the guillotine, just by accident.

And he had gone over there to support the revolutionaries!

I also never knew how anti-religion the whole thing became.

And, speaking of anti-religion, I was completely unaware of the Mexican “Cristero” war over religion that’s going to be portrayed in that new movie “For Greater Glory”.

That took place in the 20s, right next door to the US, and I’d never even heard of it until I read about this movie.

So, I feel ignorant!


25 posted on 05/07/2012 4:05:22 AM PDT by jocon307
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To: whitedog57

Hollande is proposing...once he crosses the threshold of the Élysée Palace the hard door of reality will slam him silly.


26 posted on 05/07/2012 5:58:37 AM PDT by 1010RD (First, Do No Harm)
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