Friday, September 28, 2012

French Government Approves Massive Tax Hike on the "Rich"

France has approved a "temporary" 75 percent tax rate for earnings over one million euros ($1.3 million) as part of a 2013 budget.

In addition, the tax rate will climb to 45 percent for revenues at 150,000 euros mark.

Expect L'Exodus.

Before the hike President Francois Hollande's approval ratings were in free-fall as many French feel he has been slow to get to deal with the economic slow-down and unemployment, which is at a 10-year high and rising. As if this character actually new enough French in the first place to understand the theory behind laissez-faire. The man is going to destroy France with his central planning on steroids mentality.


  1. The government says to the citizen: “Your earnings are not exclusively your own; we have a claim to them, and our claim precedes yours; we will allow you to keep some of it, because we recognize your need, not your right; but whatever we grant you for yourself is for us to decide.” Frank Chodorov

  2. Robert

    East St. Louis shows us how freedom ends

    **Minors are to be off the streets at ten o’clock on both weeknights and weekend nights.

    **Minors on the street during school hours will be arrested on sight.

    **Police will also perform I.D. checks on street corners and conduct gun searches, and Parks says he won’t hesitate to call in the National Guard if the spike in violence continues.

    Surrounded by police, Parks announced they also plan to arrest adult males and young men wearing gang colors, amounting to a city-wide dress code.

    “No royal blue, no bright red to be worn by our men or our boys in this community,” Parks said. “Why is that? Those colors have long been affiliated with gang kinds of affiliations”

    Asked about Constitutional concerns, and the need for probable cause, Parks says the recent wave of crime is the probable cause and justifies the extreme new measures.

    Virtual House Arrest Ordered for Minors in East St. Louis « CBS St. Louis

    Welcome to the police state, where's the ACLU on THIS one? Now I understand East St Louis is a dump, but that is no excuse to void the following of freedom and constitutionality. As soon as you limit 1 right, say Freedom to Peaceably Assemble or The Right from unreasonable search and seizure; it's not long until that Freedom of Religion thing goes away (they all get together and dress alike you know) and then the rest, maybe one at a time, maybe all at once.

    Schools, fine, if you want to go to school you must be attired with certain guidelines. Walking down the street in my Red Flannel is probable cause?

    Any civil rights lawyers should rush to set up shop there, thats a retirement fund in the making.

  3. The French have been down this road before and yes, it will end badly as it has before. My feeling is the French must drink way too much of their great wines that they have forgotten how badly it ended the last time which was not that long ago. LOL

  4. How do you pronounce PFIIGS?

  5. Let them eat Greek food.

  6. Just another step to the one world order. Sure, leave France, England, the US, or where ever. They'll just come up with a global tax scheme. Where are you going to turn then? The Moon? Mars?

  7. It is my understanding that big time French athletes and movie stars will be exempted from the hike. It is pretty shameless the way the power elite look after their dancing monkeys.

  8. "temporary"...the word sounds so innocent until government uses it in a sentence. Sorta like Bernanke's use of the word, "indefinite"

  9. France is now the leader in tax slavery. US soon to follow.

  10. The tax hike is an appeal to the envy of the masses.

    An excellent book on the topic is Mises's "The anti-capitalistic mentality".