Posted on 01/08/2013 8:04:35 AM PST by SeekAndFind
By now you've probably heard Russian President Vladimir Putin has bestowed Russian citizenship upon Gérard Depardieu as part of the French actor's quest to seek refuge from his country's onerous income taxes.
It's a pretty funny situation.
But French President Francois Hollande is not laughing.
Because after all the fuss, the 75 percent marginal income tax that was the highlight of the new taxes which Depardieu and others were attempting to flee was ultimately vetoed by the country's Constitutional Council.
The ruling came on technical grounds, and the government has vowed to resubmit a similar proposal. But the project has now morphed into a "disaster" for Hollande, France's most important newspaper, Le Monde, says.
In a new editorial, Le Monde writes that Hollande's failure on the measure could serve as a "ball and chain" around the rest of his presidency.
Economically counter-productive, it unnerved business leaders — including those who would be far from the policy's tax bracket. Legally ill-conceived, it's been rejected by the Constitution Council, who didn't even need to judge it confiscatory (though this is illegal). And it would have had only a modest effect on the budget — $210 million Euros a month.
(Excerpt) Read more at businessinsider.com ...
Every time the socialists get in power they make a string of disastrous policy errors that lead voters to eventually throw them out. Francois Mitterarnd in office as President of France from 1981 to 1995 was another one of their Socialist Party disasters.
During part of that time the center-right parties gained control of the legislature and the government holding the office or prime minister through an awkward situation called co-habitation. Two conservative prime minister were Jacques Chirac (1986–88) and Édouard Balladur (1993–95)
RE: Two conservative prime minister were Jacques Chirac (1986–88)
More importantly, he served as President of France from 1995 to 2007.
Not sure how “conservative” Chirac is.
After a less statist policy when he was Prime Minister (1986–1988), he changed his method. Then, his economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as “Anglo-Saxon ultraliberalism”.
Chirac led several other European countries in an effort to prevent the invasion against Saddam Hussein.
On 15 December 2011, the Paris court declared him guilty of diverting public funds and abusing public confidence, and gave Chirac a two-year suspended prison sentence.
RE: Two conservative prime minister were Jacques Chirac (1986–88)
More importantly, he served as President of France from 1995 to 2007.
Not sure how “conservative” Chirac is.
After a less statist policy when he was Prime Minister (1986–1988), he changed his method. Then, his economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as “Anglo-Saxon ultraliberalism”.
Chirac led several other European countries in an effort to prevent the invasion against Saddam Hussein.
On 15 December 2011, the Paris court declared him guilty of diverting public funds and abusing public confidence, and gave Chirac a two-year suspended prison sentence.
“Hollande’s idiotic and rusty communist/socialist ideology will ruin his Presidency.The only question is how much of the French economy will be ruined, and how many people will have their lives hurt, before his Presidency ends.”
So tell us, how is this any different that the situation here in the U.S.? The idiots in France are just like the idiots here. Everyone is imbued with the notion that there is a free lunch for them from the government, and there is always an Obama or a Hollande waiting to tell them that they are right!
With the criminal psychopath Obama as President of the US, Russia might be one of the safest nations on the planet to live within right now. US Obama Drones with hellfire missiles do not fly over Russian territory.
In sufficient numbers and volume, this used to be called “brain drain”, as people with ability fled areas where ability was punished.
Once upon a time the West used to benefit from brain drain.
An unfunny farce coming soon to a neighborhood near you.
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