” Hollande has promised more government spending and higher taxes — including a 75-percent income tax on the rich...”
If they are truly rich, they can live anywhere they want...
which means they won’t live in France....Isle of Man, maybe.
This socialist moron doesn’t care if revenues go down...we must be “fair”
Sooooooooooo.....If I make 4 dollars, the gooberment gets 3....I would rather DIE than take this in the rear. Everywhere in the world that they have tried to “soak the rich” the rich leave. Ask SOL how the surtax on the wealthy in Maryland caused them to move down south to Florida : )
It's being reported that this is exactly what has begun happening....they're moving across the channel....not sure how much better it is there, though.
Marylands Dems (O Malley) raised taxes on the middle class a few times and wants more, the tax increases on the rich are just the chasers to make us feel better about our taxes going up and didnt raise much of anything.
Taxes on the rich may make voters feel a little better about what they are going through but they never raise the type of revenue anywhere near what the socialists promise in spending, or even raise what is promised.
Honestly I want to see France try a 75-percent income tax , lets see how it works. I bet the voters won't be happy with the socialists either. They cant create their own money like Obama/Bernanke can.
I am pretty sure Obama will raise our taxes through a veto if he gets re-elected. Romney?? Who knows what he would do?