[DonaldC]

I’ve never understood very well why capital gains should be treated differently myself, not that I’m in favor on income taxes generally.

[stephenjohnbanker]

The rest of Euope is wooing all of these disgruntled businesses. France will dry up overnight.

[GeronL]

I think businesses in France should simply go on strike. Shut their doors for a few days.

[econjack]

If you follow what's been going on in France in terms of its fiscal policies and compare it to what Obozo wants to do in this country, the parallels are obvious. Yet, for reasons I cannot fathom, voters in this country behave like lock-step lemming bound and determined to fall over the Socialist cliff. Raising taxes on the group who drive the economic engine is simply stupid. Obozo has the same plan...tax the rich, give to the poor. I don't know about you, but I've yet to have one job provided by a poor person. Can't Obozo see that a rising tide lifts all boats? Guess not...

[alexander_busek]

The French government is trying to reign rein in its deficit by jacking up taxes [...]

reign:

1. Exercise of sovereign power, as by a monarch.

2. The period during which a monarch rules.

3. Dominance or widespread influence: the reign of reason.

intr.v.

reigned, reign·ing, reigns

1. To exercise sovereign power.

2. To hold the title of monarch, but with limited authority.

3. To be predominant or prevalent: "Panic reigned as the fire spread."

rein:

1. A long narrow leather strap attached to each end of the bit of a bridle and used by a rider or driver to control a horse or other animal. Often used in the plural.

2. A means of restraint, check, or guidance.

3. A means or an instrument by which power is exercised. Often used in the plural: the reins of government.

v. reined, rein·ing, reins

v.tr.

1. To check or hold back by or as if by the use of reins. Often with in, back, or up.

2. To restrain or control.

v.intr.

To control a horse, for example, with reins.

Regards,

[Cincinna]

H/T SeekandFind for the Post; Sunken Civ for the Ping

This will pose an even more serious problem for French society in the future, as well as the economy.
These “pigeons” as they are called, the fledgeling intrepreneurs, artists, inventors and creators have been the creative “juice” in French culture an economy for quite awhile

While we often like to joke about the French, they have been incredibly creative in technology, fashion, tourism, museums, aviation, and cultural life. These pigeons want to work, create, innovate, and start up businesses. If the socialist government creates an inhospitable atmosphere, they will go elsewhere.

They are young, talented, and not stupid enough to allow 65% of their efforts to be confiscated.

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[Lexinom]

The French government is trying to reign in its deficit by jacking up taxes, including the capital gains tax, which it wants to bring to the same level as the tax on income earned by the sweat of your brow—an old philosophical pillar of the French left.

I actually agree with this. Money earned from real work should be taxed at a lower rate than income not tied to the sweat of the brow. Let's encourage innovation, not golfing.