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French (Socialist) Candidate Calls for Top Tax of 75 Percent
Der Spiegel ^ | 02/28/2012

Posted on 02/29/2012 7:33:58 PM PST by Olog-hai

François Hollande, the Socialist Party frontrunner for the French presidency, announced a tax plan Monday that would see taxes on the wealthy rise dramatically if he is elected this spring.

Speaking on TF1 television, Hollande proposed a 75 percent tax on income over €1 million ($1.34 million), a huge jump from the current top rate of 40 percent.

"I can announce here that above €1 million (per year), the tax rate should be 75 percent, because it's not possible to have that level of income," said Hollande, who added that he did not accept "excessive wealth."

Hollande has consistently held a commanding lead over incumbent President Nicolas Sarkozy among French voters, who will take to the polls for a first round of voting on April 22 and a runoff on May 6. …

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Culture/Society; Government; Miscellaneous
KEYWORDS: elections; france; francoishollande; nicolassarkozy; socialist; taxtherich

1 posted on 02/29/2012 7:34:02 PM PST by Olog-hai
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To: Olog-hai

Coming soon to a socialist nation near you.


2 posted on 02/29/2012 7:40:08 PM PST by crusty old prospector
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To: Olog-hai

Why stop at 75%? Why not 100%?


3 posted on 02/29/2012 7:42:29 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Olog-hai

What a way to get rid of business.


4 posted on 02/29/2012 7:42:42 PM PST by Dallas59 (President Robert Gibbs 2009-2011)
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To: Olog-hai

We want France to have a top rate of 75 percent too.


5 posted on 02/29/2012 7:43:48 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Cincinna; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks Olog-hai.


6 posted on 02/29/2012 7:45:34 PM PST by SunkenCiv (FReep this FReepathon!)
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To: Olog-hai

“Thou shalt not covet thy neighbor’s pay check.” Envy is a sin.


7 posted on 02/29/2012 7:49:56 PM PST by txrefugee
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To: Olog-hai

Yes, was reading the Global Post yesterday and I can’t believe Hollande will win over Sarkozy.

http://www.globalpost.com/dispatch/news/regions/europe/france/120228/french-presidential-candidate-francois-hollande-vows-75-tax


8 posted on 02/29/2012 7:50:42 PM PST by fight_truth_decay
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To: Olog-hai
"the tax rate [on over one million euro income] should be 75 percent, because it's not possible to have..."excessive wealth." "

When I read statements such as these coming from so-called 'leaders', I take alarm. Never expecting to earn that much a year, it still heckles my hide that anyone should take it upon themselves to dictate what any individual can earn in any given time period. Freedom is non-negotiable. The French will never ever ever ever learn.

9 posted on 02/29/2012 7:53:17 PM PST by blueplum
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To: Tzimisce

Silly man, at 100 % we cant charge the wealthy for the tar and feathers they so desperately deserve...


10 posted on 02/29/2012 7:55:22 PM PST by When do we get liberated? (A socialist is a communist who realizes he must suck at the tit of Capitalism.)
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To: Olog-hai

” From each according to his ability, to each according to his need.” (Karl Marx)


11 posted on 02/29/2012 7:55:35 PM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: Olog-hai

Lots of Muslim children to pay for....


12 posted on 02/29/2012 7:56:01 PM PST by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: blueplum

” - - - take it upon themselves to dictate what any individual can earn in any given time period - - - “

That is why they are called Dictators.


13 posted on 02/29/2012 7:58:20 PM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: Olog-hai

The new “Reign of terror”.

What happens when you have mob rule and am entitlement mentality, AKA “True Democracy”.


14 posted on 02/29/2012 7:58:44 PM PST by Loyal Sedition
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To: Olog-hai

They call for rates that cant be collected.

They want the best of both worlds.

Buffet, Obama, Sean Penn, Ariana Huffington, Alec Baldwin et all , don’t even pay any where near the Bush rates.

Those that cant afford the teams of tax lawyers cover the spread.

Guess who that is.


15 posted on 02/29/2012 8:04:03 PM PST by NoLibZone (Buffet proves calls for more taxes is to buy votes,not reduce deficits.He pays less than Bush rates.)
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To: Olog-hai

If it’s not possible to have that level of income, why propose to tax it?


16 posted on 02/29/2012 8:04:26 PM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: Tzimisce

I have often wondered if the democrats that constantly call for higher taxes are exempt from paying like they are so many other things like BOcare and insider trading. What else that we don’t know about.


17 posted on 02/29/2012 8:09:21 PM PST by dandiegirl
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To: Olog-hai

Well he is french... giverment officials that are Vampires are common place in France..
To be french is to be parasitical...


18 posted on 02/29/2012 8:10:31 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: NoLibZone

“They call for rates that cant be collected.”

IIRC, America had a 91% top federal income tax rate in the late 1950’s.


19 posted on 02/29/2012 8:17:29 PM PST by SaxxonWoods (....The days are long, but the years are short.....)
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To: SaxxonWoods

And nobody actually paid those tax rates. They found ways around it.


20 posted on 02/29/2012 8:20:14 PM PST by ConjunctionJunction
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To: Tzimisce

“Why stop at 75%? Why not 100%?”

They have no intention of stopping at 75%. That is just the jumping off point for 100% which is the ultimate goal. You can’t have slaves if they are making money.


21 posted on 02/29/2012 8:31:34 PM PST by FerociousRabbit
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To: Olog-hai

Another staid, impoverished era of French history... coming right up


22 posted on 02/29/2012 8:32:03 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Olog-hai

“because it’s not possible to have that level of income...”

So he’s calling them thieves and nobody “corrects” (b-slaps) him.


23 posted on 02/29/2012 9:21:11 PM PST by Moose Burger
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To: Moose Burger

It’s part of the normal socialist repertoire. Moral codes mean nothing to them; only power does.


24 posted on 02/29/2012 9:25:49 PM PST by Olog-hai
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To: SaxxonWoods
“They call for rates that cant be collected.”

IIRC, America had a 91% top federal income tax rate in the late 1950’s.


And the UK had a 95% top income tax rate in the 60’s.

Check out the words to the Beatles song “The Taxman”...:^)

25 posted on 02/29/2012 10:14:34 PM PST by az_gila
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To: Olog-hai; afraidfortherepublic; mojo114; seenenuf; LucyT; Think free or die; DollyCali; ...

*** FRENCH POLITICS AND CULTURE PING LIST ***

*** FREEPMAIL ME IF YOU WANT TO JOIN  ***

A 75% tax on income is confiscatory. Why should anyone work 3/4 of the year to pay the government, and get to keep only 25% of what they earn?

We had a Revolution over that sort of thing, and probably would do so again.

The French who are able to, would probably leave France and take their money with them, pulling out enormous parts of the tax paying base of the economy, as well as their businesses that employ French people. 

  Seems like the Socialist Hollande is full of brilliant ideas he has no way if paying for.

  One more cockamamie pre-election scam. 


26 posted on 02/29/2012 11:02:44 PM PST by Cincinna ( *** NOBAMA 2012 ***)
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To: Olog-hai

Hollande’s demands of a 75% tax rate is ONLY possible due to the Act of the US Congress and signature of the US President.

Foreign Account Tax Compliance Act (FATCA), passed in 2009, with a Republican House majority, is the root mechanism being used by EUropean governments to put the clamp on their domestic populations.

In turn, the same taxation levels will be available to the US Congress by this time next year.


27 posted on 03/01/2012 6:51:00 AM PST by JerseyHighlander
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