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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
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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.
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)
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.
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
To: SaxxonWoods
They call for rates that cant be collected. IIRC, America had a 91% top federal income tax rate in the late 1950s.
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
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 ***)
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.
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