Hollande's Master Plan

So Hollande has promised to tax the "rich" by 75% of their income.

Let this thread be a premonition of the future:

1. New tax is enforced.
2. Someone earning 1,000,000 a year in whatever currency you care to think of now earns 250,000, less money than if they earned 500,000 before tax.
3. Everyone with money, I.E. everyone whole owns all the big businesses decides to leave for places that don't punish them for earning money.
4. France is missing a huge chunk of it's economy and has even less income from tax than before.
5. Socialism, and this is pure socialism, crumbles with its complete lack of morality.

See you in, hmm, six months?

So Hollande has promised to tax the "rich" by 75% of their income.

How do socialists do this and then claim to be for the working class? This will turn France into Zimbabwe.

unless french tax law is completely different, you'd only be taxed at 75% on the income OVER a million dollars.  It wouldn't make any fucking sense to literally force people to make less money in order to keep more.  just FYI.

Some people actually believe he will even try to do that??

>>3
Hollande hasn't specified exactly how it will work but even if it was only applied to income over 1 million, if you earned, say, 2 million euros a year are you going to accept 1.25 million or just leave the country, taking your "evil" big business with you?

>>4
He got elected on it, so yes. I believe he's crazy enough, that the far left really believe this is justice and will save everyone.

Do people really move to other countries when their taxes get raised? I mean, sure some must. Seems to me like a stupid reason to move though. Not everyone, even wealthy business owners, are motivated only by money. Especially since most French seem to be proud to be French. Let's not forget moving a company is more difficult than moving your personal life.

Do you have any hard data on this? Like what fraction of them are expected to move. Or is this all pure speculation?

>>6
75% income tax is not a stupid reason to move, it's not like it's just a minor inconvenience. It's the state taking 3/4 of your income generated by your private business because that's "fair".

Hollande is even calling it a "patriot tax", implying that anyone who opposes it some kind of unpatriotic criminal scum.

And no, no hard data. There's no way to gather it. It's simply the only logical result. I mean, apply it to yourself. Imagine your own income taxed at 75%, no matter how much you earn. Would you just shrug and say, 'Oh well!'

"this is pure socialism"

no social democracy

good points though, that's why we need pure, global socialism so they have nowhere to hide.

More like tyranny of the majority which basically just brings us back to calling it socialism.

And holy shit, is people with money something you seriously want to outlaw? Can you not honestly predict the consequences of criminalising profit?

that's a ridiculous slippery slope argument.

anyway have you ever hear of "each to his contribution"? part of middle ground socialism, it just helps us balance it up. (well that's the idea)

But it's not a slippery slope argument that predicts some wild extrapolation far down the line. It's practically a direct cause and effect. You shall see, we should all educate ourselves on the result of this policy in the months to come.

Also each to his contribution, if we're talking about rewarding people based on their contribution to society, in this case by way of tax money, doesn't happen in practice. The more you put in the less you get out:

http://www.bbc.co.uk/news/uk-politics-13633966

I would love to see hard evidence of a society / tax system where this is not the case.

1. fine I'll hold my tongue until something happens, but I'll be right back on this board if it goes well, to gloat.

2. I was saying how that is what socialism is, not directly on topic but refuting your prediction of making gain illegal. anyway I know hollande wont do that, he's a social democrat.

>>2
How do socialists do this and then claim to be for the working class?
He's not putting the tax on the working class, they actually get tax breaks. In the US it's the opposite, and guess how well that's working?