France to raise taxes to 75% for those making over a million

[miami_thomas]

Liberals need to hurry and move to France while you still can. It is almost to utopia status and you don't want to miss it.

http://www.nytimes.com/2012/08/08/b...-leave-if-75-tax-rate-is-passed.html?_r=2&hpw

 

[LogikAndReazon]

That will be certain to increase tax revenues...... lol

 

[kwc57]

The future of Amerika if Dear Leader is reelected.

 

[miami_thomas]

​

That will be certain to increase tax revenues...... lol

I know. When will Liberals wake up and realize it is not 1960 anymore. People can leave much easier now than they once could and there are more places that can compete for the wealthy.

 

[uscitizen]

OHHH NOES!
Now all those French billlionaires will move over here!

 

[Katzndogz]

Some might move to the US, more will move to Switzerland or Brussels.

As socialist nations start to crumble, other nations will see the error and be more business friendly. I wouldn't count on obamamerica being one of those.

 

[Wiseacre]

So - any liberals want to wager on the future of the french economy in the next few years? I'm guessing they won't get nearly as much more revenue as they think and they will have a recession or worse. There are other factors besides taxes, but this is gonna be a deal breaker. Wealthy frenchmen are already leaving in numbers.

 

[Swagger]

Some might move to the US, more will move to Switzerland or Brussels.

As socialist nations start to crumble, other nations will see the error and be more business friendly. I wouldn't count on obamamerica being one of those.

That's a likely outcome. But not forgetting that David Cameron's drawn fire from Hollande's government after promising to "roll out the red carpet" for French businesses, investors and entrepreneurs wanting to avoid the punitive tax hikes of France's incumbent administration.

Cameron invites wealthy French to settle in London - Daily Mail

 

[LogikAndReazon]

75% tax rates are very patriotic, sophisticated and progressively civil..............lol

 

[Moonglow]

Liberals need to hurry and move to France while you still can. It is almost to utopia status and you don't want to miss it.

http://www.nytimes.com/2012/08/08/b...-leave-if-75-tax-rate-is-passed.html?_r=2&hpw

Mon dieu! adieu mon cheri Euro millionnaires, souffrir de taxes être imposable.

 

[Charles_Main]

That will be certain to increase tax revenues...... lol

I doubt it, It will be an Increase in the Number Of Millionaires Leaving France for sure.

 

[Jackson]

They won't be coming here until they know Obama is out of office. Look for them to come in December.

 

[miami_thomas]

Some might move to the US, more will move to Switzerland or Brussels.

As socialist nations start to crumble, other nations will see the error and be more business friendly. I wouldn't count on obamamerica being one of those.

That's a likely outcome. But not forgetting that David Cameron's drawn fire from Hollande's government after promising to "roll out the red carpet" for French businesses, investors and entrepreneurs wanting to avoid the punitive tax hikes of France's incumbent administration.

Cameron invites wealthy French to settle in London - Daily Mail

He sort of did the same thing when he was visiting the US. Touting decreased corporate rates.

Obama, Cameron share same goal for their economies - The Hill's On The Money

 

[kwc57]

So - any liberals want to wager on the future of the french economy in the next few years? I'm guessing they won't get nearly as much more revenue as they think and they will have a recession or worse. There are other factors besides taxes, but this is gonna be a deal breaker. Wealthy frenchmen are already leaving in numbers.

And the government will continue to cluelessly blame the failure of their economy on austerity.

 

[OohPooPahDoo]

Liberals need to hurry and move to France while you still can. It is almost to utopia status and you don't want to miss it.

http://www.nytimes.com/2012/08/08/b...-leave-if-75-tax-rate-is-passed.html?_r=2&hpw

Only after you move to Monaco.

 

[grunt11b]

OHHH NOES!
Now all those French billlionaires will move over here!

I doubt that, not with the president we have here wanting to do the same thing. They will do what rich people have always done, put their money in offshore accounts where big government cannot touch it.

 

[g5000]

That will be certain to increase tax revenues...... lol

I doubt it, It will be an Increase in the Number Of Millionaires Leaving France for sure.

No, just their money. They will hide it elsewhere.

 

[g5000]

Liberals need to hurry and move to France while you still can. It is almost to utopia status and you don't want to miss it.

http://www.nytimes.com/2012/08/08/b...-leave-if-75-tax-rate-is-passed.html?_r=2&hpw

Well, somebody has to pay for all that "free" healthcare!

 

[8537]

So - any liberals want to wager on the future of the french economy in the next few years?

Sure! What's the parameter of the bet?

GDP growth rate relative to other OECD members?

 

[Bigfoot]

Amazing, communists are are just freaking amazing with the way they think. Send them Jane Fonda, she can pay her 75%.