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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 10:45

>>4
And this is, my beauty, the Communism - when one side establishes total monopoly and demands all profit for itself. About 5% of these money will be spent on nigger welfare (so niggers wont riot), akin to soviet commies gave cheap vodka to workers; the rest 70% will be put to enslave entire world - U.S. has the biggest military budget, similarly to Soviet Union, which spent most of it's GDP on military.

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