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France raises tax on the rich to 75%, now the "RICH" are leaving France by the droves. Who will the French tax, when the "RICH" leaves?

GINGERBREAD 2012/08/08 23:44:07
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  • Sissum71*AFCL* 2012/08/09 00:00:20
    These liberals, socialists and communists never learn, the more the governmen...
    Sissum71*AFCL*
    +4
    Margaret Thatcher said it best: ""The problem with socialism is that eventually you run out of other people's money."

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  • misha 2012/08/09 23:40:20
    These liberals, socialists and communists never learn, the more the governmen...
    misha
    +1
    The French revolution really messed things up, not only there but in other places, it created a state of mind that we still can't escape today. You would think though, with all the history and experience they have, they would have figured it doesn't work by now.
  • GINGERB... misha 2012/08/10 00:18:13
    GINGERBREAD
    The French Revolution brought about a worse revolution in Russia. The killing in both of those revolutions will boggle the mind.
  • InvaderXion420 2012/08/09 06:31:18
    These liberals, socialists and communists never learn, the more the governmen...
    InvaderXion420
    +1
    FINALLY! The majority of people are starting to see what I saw when I first looked into the differing political agendas and parties. Socialism, by itself, -CANNOT- work as a primary system. We can amalgamate parts of it into parts of other systems to shore up some holes or to enhance the overall product, but it is not a sustainable system at all.

    A problem like this WILL occur in America if our leaders think they can just keep raising taxes on people. Sorry but it doesn't work that way. If I learned all of a sudden that I was being targeted to pay 75% taxes, you best believe I'd be taking my rich ass to another country. Probably Canada, or Iceland. Both nice places.

    Yay for me I'm American tho, and I'll go down in flames before I leave her!
  • DM Twin 2012/08/09 06:22:34
    These liberals, socialists and communists never learn, the more the governmen...
    DM Twin
    Idiots....Watch the entire Countryu Implode..CAN'T WAIT TO SEE THEM COLLAPSE
  • Raithere 2012/08/09 06:00:21
    The French government will then tax those people that want to leave. They can...
    Raithere
    It's the obvious move, and something similar has already been proposed in the U.S.

    "At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”

    The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship."

    http://abcnews.go.com/blogs/p...
  • JanHopkins 2012/08/09 05:09:47
    The French government will then tax the others that are too poor to leave the...
    JanHopkins
    It didn't work for prince John and it won't work for the french. Heads will roll.
  • Dan der Mensch 2012/08/09 04:40:45
    These liberals, socialists and communists never learn, the more the governmen...
    Dan der Mensch
    +1
    I'm sure we'll see first hand how well this will work - since we're probably not far behind France.
  • Ken 2012/08/09 02:37:07
    Undecided
    Ken
    If I were the rich I would find a civilized poor country and promise to bring the wealth there in exchange for favorable business conditions laid out in a cooperative Constitution.
  • exhon2009 2012/08/09 01:49:30
    Undecided
    exhon2009
    +2
    I couldn't care less what the French do. I don't drive their cars or buy their products. The French also have a law against working over 32 hours a week. They have labor bureau auditors that will audit a company and fine it heavily if it catches employees working over 32 hours a week. The theory is that if they limit the work hours the company will have to hire more workers. Unemployment is above 10% there, which is normal. I don't think they export anything of note, except defective A380 Airliners. When they were just subsidizing Airbus they were kicking Boeing's ass. They are still subsidizing Airbus but when wings are at risk of falling off your 600 passenger plane subsidies alone aren't enough to goose sales and exports.

    (On second thought I DO happen to have some Gray Poupon in the fridge, oops and a cup of Yoplait).
  • Katherine 2012/08/09 01:29:45
    These liberals, socialists and communists never learn, the more the governmen...
    Katherine
    They'll still try to "tax the rich," they'll just have a lower income level considered rich.
  • santa6642 2012/08/09 01:25:40
    These liberals, socialists and communists never learn, the more the governmen...
    santa6642
    the truth is spoken.
  • Swampdog 2012/08/09 00:43:48
    These liberals, socialists and communists never learn, the more the governmen...
    Swampdog
    +1
    Tax the POS Muslimes the're taking over the country any way.
  • WhereIsAmerica? ~PWCM~JLA 2012/08/09 00:37:37
    These liberals, socialists and communists never learn, the more the governmen...
    WhereIsAmerica? ~PWCM~JLA
    +2
    Same thing that will happen in the USA if we don't wake up.
  • These liberals, socialists and communists never learn, the more the governmen...
    ☆The Rock☆ * AFCL* The Sheriff!!
    +1
    That nation is screwed!
  • kevracer 2012/08/09 00:34:54
    Undecided
    kevracer
    +1
    FACT CHECK

    France's president wants to tax any income above €1 million ($1.24 million) per year at 75%—but the plan has not yet passed, Only7,000 to 30,000 of France's 65 million people would be paying the tax
  • Boris D. kevracer 2012/08/09 10:46:01
    Boris D.
    After the tax, they won't be rich anymore.
  • kevracer Boris D. 2012/08/09 15:02:53
    kevracer
    IF the tax is adopted - less than 1/2 of 1 percent of the French population will be affected
  • GINGERB... kevracer 2012/08/09 15:22:51
    GINGERBREAD
    +1
    Ah yes, we now have to go to the percentages on how many people will get hurt. So, it's okay to steal from the one percent? What happens when the 1/2 of 1% leaves the country? Where will the next percent of the population be affected?
  • kevracer GINGERB... 2012/08/09 17:01:50
    kevracer
    very little- don't you get it? It would be merely a symbolic measure
  • Boris D. kevracer 2012/08/09 21:46:30
    Boris D.
    They will chase out all of the successful job providers.
  • GINGERB... Boris D. 2012/10/09 04:21:13
    GINGERBREAD
    +1
    I will tell you this. When I was in Thailand, during an embassy party, I confronted one of the secretaries in the old USSR, and I told him that the only equality available in his country was the equality of poverty. Pissed him off but I was right on. This is the only thing that these liberals, socialists and communists can offer any one.
  • Transquesta 2012/08/09 00:33:45
    Undecided
    Transquesta
    +2
    In socialism's cannibalistic phase, they 'walk' the taxes down to the poorest of the poor. When they can't pay up, the system implodes. ALL socialist systems implode. The only question is when and how violently.
  • krayzrick 2012/08/09 00:31:26
    These liberals, socialists and communists never learn, the more the governmen...
    krayzrick
    +1
    Oldest lesson in the book....some people you just can't teach ANYTHING.
  • draconiaregina 2012/08/09 00:29:39
    These liberals, socialists and communists never learn, the more the governmen...
    draconiaregina
    +1
    And we have had how many decades to show how this works and the FOOLS NEVER LEARN!!!!!
  • Sissum71*AFCL* 2012/08/09 00:00:20
    These liberals, socialists and communists never learn, the more the governmen...
    Sissum71*AFCL*
    +4
    Margaret Thatcher said it best: ""The problem with socialism is that eventually you run out of other people's money."
  • GINGERBREAD 2012/08/08 23:49:08
    These liberals, socialists and communists never learn, the more the governmen...
    GINGERBREAD
    +2
    That is exactly what these liberals, socialists and communists never learn. The more the government taxes the productive people, the less production they will get. What happens is, that the productive people will just go to another, friendlier country, and those countries that want to tax them more will be left with less and less productive people.

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