So France has unveiled its new taxation scheme, which will include a 75 percent tax on those earning over one million euros a year.
With Hollande facing record unemployment and economic stagnation, there were also fears the deficit target will slip as France falls short of the modest 0.8 percent economic growth rate on which it is banking for next year.
“This is a fighting budget to get the country back on the rails,” Prime Minister Jean-Marc Ayrault said, adding that the 0.8 percent growth target was “realistic and ambitious”.
Hmmmm. Let me see.
Any company or individual who earns more than a million euros will have earnings confiscated. It’s UNAVOOOOOOOOOOOOIIIIIIIIIIDAAAAAAAAAAAAAAABLEEEEEE!
Ministers defended measures that included a 75 percent top tax rate as unavoidable if France is to get its finances under control and meet European Union deficit targets deemed essential to avoid the collapse of the euro single currency.
How long before the nation’s most productive individuals bid France “Adieu!” and find a country that will not enslave them in order to fix years of overspending?
Think corporations that create jobs will stick around just to see their profits appropriated?
Think individuals such as Bernard Arnault, who have the business acumen ingenuity to build companies and create jobs will stick around to be exploited by the socialists? Think they’ll take the jobs their companies create with them?
Think Liliane Bettencourt will stick around to see the fruits of her labor appropriated? And if she doesn’t, will she take her philanthropic organizations with her?
And what will happen when millions or even billions leave the French economy?
Who will be next on the socialists’ “to eat” list? Those who earn $750,000 euros per year? I mean, look how much they still have to loot?
And once they’re done with those “rich,” who’s next on the consumption chain?
If it were me earning more than a million euros in France, I’d get the fuck out of there before the socialists realize that unless they make it impossible to leave, there won’t be anyone left to loot!
Because then, they’ll really be stuck!