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Forum Post: France Gives “Fairness Doctrine” Details; Will Tax Millionaires At 75%

Posted 2 years ago on July 3, 2012, 2:31 p.m. EST by minhaalma (28)
This content is user submitted and not an official statement

http://www.zerohedge.com/news/france-gives-fairness-doctrine-details-will-tax-millionaires-75

With the Great June Socialist Revolution spilling over into July, here are some details as they become available from France:

FRANCE TO HAVE NEW TAX RATE OF 45% FOR WEALTHY FRANCE TO TAX INCOME OF MORE THAN EU1 MLN AT 75%, AYRAULT SAYS FRANCE TO TAX CAPITAL INCOME AT SAME LEVEL AS WAGES FRANCE TO RAISE TAXES FOR LARGE COMPANIES, BANKS, OIL FIRMS But… FRANCE TO ANNUL PLANNED VAT INCREASE PLANNED BY SARKOZY

After all, it’s only fair. In other news, we are rotating our secular long thesis away from Belgian caterers and into tax offshoring advisors, now that nobody in the 1% will pay any taxes ever again.

The good news is that with the entire world set to adopt 100%+ taxes on “wealthy” individuals as defined arbitrarily by Ph.Ds, there will be no place to hide. Which incidentally is just the first step toward what we warned back in September 2011 will happen: a 30% tax on all financial assets. Everywhere.

7 Comments

7 Comments


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[-] 2 points by DKAtoday (25063) from Coon Rapids, MN 2 years ago

Is some one besides Iceland finally getting it right? Hope it is true - hope it is just the beginning of a sane trend.

[-] 0 points by reckoning (53) 2 years ago

Socialism??? stupid crap..

Many want freedom.

[Removed]

[-] 0 points by TitusMoans (2451) from Boulder City, NV 2 years ago

If the report is true, it is good news indicating a move toward real socialism, not some liberal, petty bourgeois compromise.

[-] 1 points by PeterKropotkin (1050) from Oakland, CA 2 years ago

Proff Wolff has been saying that Hollande was going to implement this for a while.

[-] 1 points by TitusMoans (2451) from Boulder City, NV 2 years ago

Great. Let's hope Greece and other European countries move in that direction. That could lead the way to worker control.

[-] 0 points by PeterKropotkin (1050) from Oakland, CA 2 years ago

Well that's what he said Hollandes platform was as we all know what a politician says and what he does are two different things. Time will tell what Hollandes intentions are.

[-] 0 points by minhaalma (28) 2 years ago

http://www.zerohedge.com/news/former-french-president-sarkozy-home-office-raided-police

Former French President Sarkozy Home, Office Raided By Police

Things in broke Europe are becoming stranger by the minute. Stepping away from the Bank of England telling private institutions what to do, and overriding fiduciary responsibility, we now shift to France, but not in the context of the Second Great Socialist Revolution and its Fairness Doctrine annex, but to the home and office of ex-president Nicholas Sarkozy whose home and office where just raided according to Politique in connection with long-running allegations that his presidential campaign had been illegally funded by France's richest woman Lilliane Bettencourt. Do you see what happens Larry when there are no PACs and it is illegal for rich people to outright bribe politicians?

Google translated:

Officers from the financial police and the justice of Bordeaux Jean-Michel Gentil raided, Tuesday, July 3 in the morning, the home of Carla Bruni-Sarkozy, Villa Montmorency in the 16th arrondissement of Paris, the law firm Arnaud, Claude and associates, in which Nicolas Sarkozy holds units, located 53, boulevard Malesherbes (17th) and its new premises at its disposal as a former head of state, located 27 rue de Miromesnil.

Judge Gentile, condemned for abuse of weakness and illegal campaign financing, investigate possible remittances by Liliane Bettencourt the former head of state, including during his 2007 presidential campaign.

Nicolas Sarkozy, whose presidential immunity ended June 16, is implicated in two ways: by Claire Thibout, the former accountant of Bettencourt, a sum of 150,000 euros would have been delivered in early 2007 to Eric Woerth, treasurer at the time of the presidential campaign of Mr. Sarkozy. In addition, several testimonies collected by justice make state visits during the 2007 campaign, Mr. Sarkozy made ??by the homes of Bettencourt, whose purpose would be discounts for cash.