French kick Sarkozy to the curb - Hollande to tax rich at 75%

[Craig234]

This sounds like the best election news on the planet in quite a few years.

 

[Craig234]

France faces big challenges - a world-leading standard for its peope in a time of globalizations driving wages down.

But I'd like the right to go on the record with specific predictions of what will happen in France, so there's a little accountability for all their whining.

I could easily list 100 conservative leaders in the US in 1993 predicting utter disaster for the US economy if Clinton's tax on the top 2% passed - they were completely wrong.

 

[nehalem256]

You don't seem to understand that increasing taxes on the 'mega corporations' would enable lowering your taxes.

I think he believes that liberals are not going stop at just taxing "mega corporations". And that the "loopholes" will benefit those with the greatest ability to hire lawyers, accountants, and lobbyists.

Instead you sould like you support right-wing policies destroying the economy.

75% taxes may well be needed to reverse the big wealth grab and build prosperity.

How is increasing taxes on the rich going to create jobs?

 

[cybrsage]

Does anyone here think the rich do not have huge loopholes to avoid paying those taxes in France? Is anyone seriously thinking the rich French will pay that much in taxes?

 

[Jhhnn]

The response of millionaires who will just retire when it's no longer worth the time and effort to make so much money:

Heh. It's not like those guys have unique skills, but rather better position in the market. If they step aside, somebody just as able will take their place. Mostly, they landed in the right place at the right time, and many of them follow the simplest of rules- the way to stay on top is to hold the other guy down.

Hierarchical society is hierarchical, meaning there's not a lot of room at the top, but somebody will be there.

 

[elitejp]

You sound confused that you're a Fortune 500 when yo're not.

You sound like the sort of small business progressives would like to help, not hurt.

You don't seem to understand that increasing taxes on the 'mega corporations' would enable lowering your taxes.

Instead you sould like you support right-wing policies destroying the economy.

75% taxes may well be needed to reverse the big wealth grab and build prosperity.

Didnt say i was fortune 500, although I wouldnt mind getting there. Unless i was in frnce of course, then i would actually be making less money then i i just ran a small to med sized business.

Im sure the progressives will do everything in their power to help out my small business:whiste:

On what point do i make myself look like a conservative? The point where I dont support 75% tax on the rich? The point where ive had to expand more slowly and hire less people due to being taxed at an already high percentage? Or the point where i believe rich people will look for a way to allocate their money in such a way as to avoid a 75% tax and that personally I would do the same?


And to the last remark: Well if france really does do this then I guess the world will find out.

 

[Anarchist420]

This is the problem with old people voting. 80% or so of them are too liberal/neoconservative and shouldn't be allowed to vote.

I was hoping Marine Le Pen was going to win. I heard that she's pro-gold and pro-decentralization (other than being protectionist and against immigration). As time goes on, she'll stand a better chance since she's popular with young people.

Anyway, it's not like there was a whole hell of a lot of difference between Hollande and Sarkozy... so just move along.

 

[CanOWorms]

This is all trivial stuff. The first round vote had a Nazi-like party's candidate gather 18% of the vote. That's the true winner of the French presidential elections.

 

[IGBT]

france/greece..what's the difference??

 

[nehalem256]

france/greece..what's the difference??

Greece has delicious olives and France has delicious wines?

And apparently France saw how well socialism worked for Greece and were like, we want that too :hmm:

 

[Jaskalas]

Greece has delicious olives and France has delicious wines?

And apparently France saw how well socialism worked for Greece and were like, we want that too :hmm:

Americans see it and want it as well.

 

[DucatiMonster696]

EU is going to assplode. No way is Germany (or other relatively financially solvent EU nations) going to the table to pony up more money for bail outs for nations like France.

 

[HamburgerBoy]

EU is going to assplode. No way is Germany (or other relatively financially solvent EU nations) going to the table to pony up more money for bail outs for nations like France.

I thought that France was much more comparable to Germany than Greece & friends in terms of debt-to-GDP ratios. :hmm:

 

[CaptainGoodnight]

Sounds like you have no business keeping that business in business.

It is done and apparently you don't know it yet.

Sounds like you have no idea how business are ran. Maybe you shouldn't be telling others how to run theirs.

 

[werepossum]

This should be very good news for Germany and Red China as jobs flee France. Well, unsubsidized jobs anyway. But perhaps I underestimate the number of Frenchmen so loyal that they will continue production in a nation where 3/4 of their profit goes to be handed out to those who did not work for it.

As to an end to calls to reinstate a 95% income tax, that's never happen. A progressive isn't snips and snails and puppy dog tails, he's greed and envy and hate, a walking appetite fueled by anger. Confiscation is an article of faith, and like any of rabid fundamental most proggies will never be moved by any evidence or argument.

 

[Craig234]

EU is going to assplode. No way is Germany (or other relatively financially solvent EU nations) going to the table to pony up more money for bail outs for nations like France.

Germany owes France for the terrible things in WWII.

So I suggest we give France the land of Israel, and France can surround the Israelies with fences, and build settlements in their area, and have roadblocks every mile.

So, why don't you post the info on France needing bailouts from Germany? Oh, you don't have any info you just make it up?

 

[DucatiMonster696]

I thought that France was much more comparable to Germany than Greece & friends in terms of debt-to-GDP ratios. :hmm:

France has the potential to face significant debt issue and the prediction is eyes will now shift over from Spain to France. Part of the issue is that France itself is also heavily linked to some of the PIIGS and their debt issues so basically its all a house of cards that has the potential collapsing if anyone blinks the wrong way.


Edit: link the wrong article.

Spain, France Bonds Fall Amid Renewed Debt Crisis Concern

http://www.bloomberg.com/news/2012-...ote-yield-6-basis-points-from-record-low.html

 

[schneiderguy]

This is all trivial stuff. The first round vote had a Nazi-like party's candidate gather 18% of the vote. That's the true winner of the French presidential elections.

This. I can't wait for the smug europoors to start killing themselves again. This time the US will be too broke to save them for the third time.

 

[Corn]

Sounds like you have no idea how business are ran. Maybe you shouldn't be telling others how to run theirs.

If it is one thing that McOwned knows, it is failure.

 

[DucatiMonster696]

Germany owes France for the terrible things in WWII.

So I suggest we give France the land of Israel, and France can surround the Israelies with fences, and build settlements in their area, and have roadblocks every mile.

So, why don't you post the info on France needing bailouts from Germany? Oh, you don't have any info you just make it up?

Sorry but I did not mean to imply that Germany had bailed out France but rather that Germany itself will not come along for the ride if France wants to expand on debt just so the French can screw themselves and everyone else over by digging the debt trench even deeper.

 

[Craig234]

Sorry but I did not mean to imply that Germany had bailed out France but rather that Germany itself will not come along for the ride if France wants to expand on debt just so the French can screw themselves and everyone else over by digging the debt trench even deeper.

Oh, I understand - I'm asking for info that France is looking for a bailout from Germany now.

 

[JS80]

UK just implemented some very favorable IP tax laws...I suppose a lot of French companies will start to transfer their IP to a UK holding company and institute transfer pricing contracts and French tax revenues drop while UK tax revenues go up.

 

[cybrsage]

Hasn't Germany been bankrolling the EU for some time now?

 

[CycloWizard]

Heh. It's not like those guys have unique skills, but rather better position in the market. If they step aside, somebody just as able will take their place. Mostly, they landed in the right place at the right time, and many of them follow the simplest of rules- the way to stay on top is to hold the other guy down.

Hierarchical society is hierarchical, meaning there's not a lot of room at the top, but somebody will be there.

Spoken like someone who has no unique skills himself. There are plenty of things that I do for my job that literally no one else in the world has the expertise to do. They might be able to learn them, but more likely the work I do would simply fall by the wayside. That's unfortunate for everyone since everyone will be affected by what I work on. I've spent over a decade learning and fashioning ideas about what I do. No one is going to drop out of high school and suddenly figure all of this out.

 

[Atheus]

EU is going to assplode. No way is Germany (or other relatively financially solvent EU nations) going to the table to pony up more money for bail outs for nations like France.

The EU is basically us (UK), Germany, and France. The rest we prop up in return for security and stability. That said... 75%... hey rich French people! Come over here! It's only a few miles and we have cheese too! You have to drink beer though. And fucking like it.