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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 2012-10-09 0:40

>>40
What are you smoking?

Name: Anonymous 2012-10-18 15:27

http://www.bbc.co.uk/news/technology-19996351

>Google has threatened to exclude French media sites from search results if France goes ahead with plans to make search engines pay for content.

Here come the looters! Google makes money, so let's find thinly veiled ways to grab it for the good of everyone! I hope they do go ahead so Google stops showing French media results and those media companies shit the bed.

Name: Anonymous 2012-10-19 18:01

>>42
French media are worthless propaganda. Half of their income is from state subsidies(!) Let Google kill them.

Name: Ronnie R 2012-10-20 11:10

Reagan summed up the benefits thusly:

Back in the days of a strong US economy, there was a 90% tax on earnings over $100,000.  Reagan carefully kept an eye on his earnings and when they got close to the 100k mark, he'd take he rest of the year off and play golf. 

Since Ronnie had stopped working, that meant other actors took those roles and made money o buy things and pay taxes and so on -- which benefitted the economy and all Americans. 

So, it's a win-win scenario for all of us.

Name: Pierre 2012-10-20 11:13

What!  How DARE French reporters want pay for their work! 

Viva la googel!

Name: Anonymous 2012-10-20 12:09

>>45
Did you even read the article?

Google gets advertising revenue from searches for news, this is not lost profits for French media in any way.

Name: Anonymous 2012-10-20 17:49

>>44
If someone is earning $100000 wouldn't you want to maximize their productivity?

Name: Anonymous 2012-10-29 22:12

>>47
You assume that the other actors are significantly less productive than Regan. I don't think this assumption can be justified.

Name: Anonymous 2012-10-30 10:19

>>48
Most actors are generic straight from drama school stock character fake bullshit, good actors are far and few between. We will never find true talent if people are cut off before they achieve stardom.

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