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

[saveliberty]

Wonder what stopped them on the other 25%?

 

[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

Only after you move to Monaco.

Ok I don’t speak “Dummy”. What exactly are you trying to insinuate?

 

[miami_thomas]

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?

GDP growth over the next three years is better than the past 3 years.

 

[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?

GDP growth over the next three years is better than the past 3 years.

Oh really? That's the measure you want to use?

I'll take that bet in a heartbeat. So it will be: GDP growth rate, 2009-2011 vs. GDP growth rate, 2013-2015. And we're obviously talking real GDP here.

Are you sure that's the comparison you want to use?

 

[initforme]

I could really care less what happens in france and since those millionaires have millions they'll be just fine.

 

[LordBrownTrout]

It would be nice to have GDP at least above 5 percent. 1.5 is appalling.

 

[LogikAndReazon]

It would be nice to have GDP at least above 5 percent. 1.5 is appalling.

Not to worry, the trillion dollar "stimulus" hasnt fully kicked in yet.......................

 

[g5000]

Sure! What's the parameter of the bet?

GDP growth rate relative to other OECD members?

GDP growth over the next three years is better than the past 3 years.

Oh really? That's the measure you want to use?

I'll take that bet in a heartbeat. So it will be: GDP growth rate, 2009-2011 vs. GDP growth rate, 2013-2015. And we're obviously talking real GDP here.

Are you sure that's the comparison you want to use?

You will lose that bet.

See what's happening in Greece? See what's happening in Spain?

Coming soon to France. That's why they are front-loading these "austerity measures".

 

[LordBrownTrout]

It would be nice to have GDP at least above 5 percent. 1.5 is appalling.

Not to worry, the trillion dollar "stimulus" hasnt fully kicked in yet.......................

........yeah, it's just right around the corner.

 

[8537]

GDP growth over the next three years is better than the past 3 years.

Oh really? That's the measure you want to use?

I'll take that bet in a heartbeat. So it will be: GDP growth rate, 2009-2011 vs. GDP growth rate, 2013-2015. And we're obviously talking real GDP here.

Are you sure that's the comparison you want to use?

You will lose that bet.

Oh yeah? You think France's economy will be smaller in 2015 than in 2013?

 

[California Girl]

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

From what I'm told, the wealthy French are taking up his kind offer in their droves.

 

[8537]

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

From what I'm told, the wealthy French are taking up his kind offer in their droves.

They'll flee to England in pursuit of an effective top marginal rate of....

68%.

OK then.

Have they been fleeing from England to France in recent years to escape the oppression of the 68%?

 

[blastoff]

It would be nice to have GDP at least above 5 percent. 1.5 is appalling.

Not to worry, the trillion dollar "stimulus" hasnt fully kicked in yet.......................

........yeah, it's just right around the corner.

Um...I forget. Is this the summer of recovery 2.0 or 3.0?

 

[blastoff]

What's with a 75% tax rate on French millionaires. Heck, if the government just waits a bit the millionaires will likely just surrender all their money to them.

 

[g5000]

Oh really? That's the measure you want to use?

I'll take that bet in a heartbeat. So it will be: GDP growth rate, 2009-2011 vs. GDP growth rate, 2013-2015. And we're obviously talking real GDP here.

Are you sure that's the comparison you want to use?

You will lose that bet.

Oh yeah? You think France's economy will be smaller in 2015 than in 2013?

Depends what happens in 2013. France is going to take a dive. Predicting exactly when is impossible when the politicians keep kicking the can down the road.

But they are going down. I would not take that bet if I were you. And we should specify real GDP.

That hum you hear in the background is the sound of Mario Draghi warming up the currency printing presses.

 

[RDD_1210]

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

From what I'm told, the wealthy French are taking up his kind offer in their droves.

They'll flee to England in pursuit of an effective top marginal rate of....

68%.

OK then.

Have they been fleeing from England to France in recent years to escape the oppression of the 68%?

Now you did it. You asked her a question that requires thought. Don't expect to hear from her again.

 

[8537]

You will lose that bet.

Oh yeah? You think France's economy will be smaller in 2015 than in 2013?

Depends what happens in 2013. France is going to take a dive. Predicting exactly when is impossible when the politicians keep kicking the can down the road.

But they are going down. I would not take that bet if I were you. And we should specify real GDP.

That hum you hear in the background is the sound of Mario Draghi warming up the currency printing presses.

I already specified real GDP. And I would happily place a substantial wager against anyone claiming that chained GDP will be smaller in 2015 than in 2013 in France.

 

[CrusaderFrank]

I thought top rate in Britain was 50% and 43% on dividends.

 

[Zander]

France is doing everything right; increase spending, increase entitlements, and raise taxes. They know that true prosperity can only come about when they punish success and reward failure. France is on it's way to becoming a true workers paradise!!

 

[Zander]

Oh yeah? You think France's economy will be smaller in 2015 than in 2013?

Depends what happens in 2013. France is going to take a dive. Predicting exactly when is impossible when the politicians keep kicking the can down the road.

But they are going down. I would not take that bet if I were you. And we should specify real GDP.

That hum you hear in the background is the sound of Mario Draghi warming up the currency printing presses.

I already specified real GDP. And I would happily place a substantial wager against anyone claiming that chained GDP will be smaller in 2015 than in 2013 in France.