Perhaps France should revoke residency of all immigrants, and their families, who are a net drain on the French taxpayers.
I remember Clinton saying the same thing in 1993 or 1994 after drastically hiking taxes.
Mr. Holland, meet the idiot. Mr. Obama, meet another idiot.
Never believe a liberal’s promises. They are liars all.
Just as Arthur Laffer demonstrated years ago...higher taxes mean less tax revenue and lower economic growth.
Fess up.
5.56mm
The history of socialism/communism is like listening to a broken record. Some jackass wants wealth and power and can’t get them in his present political system. So he starts making promises to redistribute resources. Then, when he’s in office, he’s wealthy and powerful and he gets the heck out in a few years with some loot or, if he really likes the power part, he just starts killing people. Stupid people can carry signs and strangle others.
He proposes a lowering of the highest rate from 75% to 74.9%.
News To Obama: The OECD Says The United States Has The Most Progressive Tax System
http://www.freerepublic.com/focus/f-news/2120153/posts
But a new study on inequality by researchers at the Organization for Economic Cooperation and Development (OECD) in Paris reveals that when it comes to household taxes (income taxes and employee social security contributions) the U.S. “has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population.”
As Column 1 in the table below shows, the U.S. tax system is far more progressive—meaning pro-poor—than similar systems in countries most Americans identify with high taxes, such as France and Sweden.
Even after accounting for the fact that the top 10 percent of households in the U.S. have one of the highest shares of market income among OECD nations, our tax system is second only to Ireland in terms of its progressivity for households.