75% Tax Rate

http://www.bbc.co.uk/news/world-europe-19754016

Well, it's gone through. Hollande's vision of a socialist utopia where profit is severely punished. Luckily I'm not in France, so I'm in a position to watch it all go to shit and see Rand proven complete right with a modern day example.

-A new 75% tax on the richest earning more than 1m euros
-A 45% income tax rate on incomes over 150,000 euros a year
-A freeze in government spending, excluding debt repayments and pensions
-The elimination of a ceiling on "l'impot de solidarite sur la fortune", or wealth taxes, so that assets of more than 1.3m euros will be taxed at 1.5%
-The reduction of tax exemptions for loan payments by large corporations
-Capital gains and dividends will now be subject to the income tax regime

>>7
with nothing in exchange
- Who's paying for the roads you drive on getting to work, to school, or going shopping?
- Who's paying for the police to keep order in the streets?
- If your house ever catches fire, who's paying to have firemen put out that fire?
- Assuming the gummint does not want sickness to be the #1 cause of personal bankruptcy; Who's gonna pay for the hospitals and doctors?

And assuming you really buy the «war on terror»;
- Who's paying to have the army do that fighting over there?
- Who's paying for the SWAT teams &stuff over here?

tl;dr: Where's the gummint gonna get the money to ever do stuff?