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75% Tax Rate

Name: Anonymous 2012-09-29 6:25

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

Name: Anonymous 2012-09-30 17:08

>>10
Please pay attention. I'm not saying that tax gets you nothing but when you pay a considerably higher rate of tax than other people you personally don't get MORE roads, police, firemen and healthcare.

You're not offering a fair exchange when you take more from someone because "they'll still be comfy." In fact, if you can afford it you're probably not even using public healthcare. So you're paying more for less.

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