French Socialists Approve 75% Tax Rate for High Earners

reply to post by nuclear12346


Reagan took office and lowered the top tax rate from 70% to 28%. Govt revenues increased from 500 billion in the treasury to 915 billion in the treasury when he left. He was in office a year when unemployment hit double digits in 82 then it started to drop.

Obama is still blaming W for his economic problems 3 yrs later. Reagan turned Carter's disaster around in 1 yr.

Unemployment was 5.6% in 89 when Reagan left. Avg unemployment for Clinton for 8 yrs? 5.6%

Interest rates dropped from 21% to around 14% and inflation went from 12% to 8% on Reagan's watch. give or take a percentage point on those numbers.

How did all this happen with Reagan lowering taxes?

Answer: People had more money in their pockets and the blood started flowing. Don't believe me? Check out those stats for yourself.

Reaganomics was not invented by Reagan. He stole the idea from JFK. Check that out too.

Regardless of how anyone leans politically, the numbers don't lie.

reply to post by The Sword


They do that because they stupidly think they will be one of the rich someday. Really, that is all it is. They do not want to deal with it if they ever get that rich. I for one know that I will be poor until I die. So I say take everything they have. They got it through luck. Not hard work or skill. It is blind chance that rich people meet other people that give them oppotunities that make them rich. They won life's lottery and need to give it up. I agree with Huey Long. Tax at 100% anything over 100,000,000. If you need more money than that too bad. Either that or make the death tax 100% for anything over a million. Screw the rich. They suck and should die. Bunch of greedy pukes.

reply to post by SeekingAlpha


I agree 100%. Some of those people should be in jail forever. When they collude with 'govt' regulators to deceive us and manipulate the markets then we are all screwed.

We all have the chance to become rich here. It's up to you whether or not you pursue it.

When those at the top screw us, and that includes govt, I can't understand why some think giving them more of what we earn is the answer!

Originally posted by sasquatch5100
reply to post by FlyersFan

 

Does Jimmy Carter run France now? I seem to remember a time when our economy had double digit inflation, double digit interest rates and double digit unemployment. The Misery Index and Stagflation were new terms coined on Jimmy's watch and he had the same tax rate.

This is why they don't teach real history in schools any longer. The socialists would be called out on their BS if the truth was taught. Those who don't know history are doomed to repeat it.

Good Luck France! You'll need it just like we did.

repeat history?...ok...tzarist russias people ended up killing the wealthy elite and all of their family members, marie antoinette along with her wealthy elite friends and family ended up dead. billionaires mubarak, kadafy, and families either dead, in prison, or in hiding. the wealthy lose brain cells in direct proportion to their accumulation of said wealth.

reply to post by jimmyx


What does that have to do with taxes? Are you saying the rich should all die? What happened to the regular families in Russia after all that and how does the Middle East look today?

You're right, the numbers don't lie. So did Reagan inherit 2 wars, record national debt, record deficit spending, and an imploding economy that destroyed 40% of wealth for the average American family? No, Reagan did not face these issues.

Let's face it, the real issue that Reagan faced was the oil embargo by our so-called middle east friends. Once this issue was politically resolved, oil/gas prices normalized which helped your average American continue their daily routine.

Originally posted by sasquatch5100
reply to post by nuclear12346

 

Reagan took office and lowered the top tax rate from 70% to 28%. Govt revenues increased from 500 billion in the treasury to 915 billion in the treasury when he left. He was in office a year when unemployment hit double digits in 82 then it started to drop.

Obama is still blaming W for his economic problems 3 yrs later. Reagan turned Carter's disaster around in 1 yr.

Unemployment was 5.6% in 89 when Reagan left. Avg unemployment for Clinton for 8 yrs? 5.6%

Interest rates dropped from 21% to around 14% and inflation went from 12% to 8% on Reagan's watch. give or take a percentage point on those numbers.

How did all this happen with Reagan lowering taxes?

Answer: People had more money in their pockets and the blood started flowing. Don't believe me? Check out those stats for yourself.

Reaganomics was not invented by Reagan. He stole the idea from JFK. Check that out too.

Regardless of how anyone leans politically, the numbers don't lie.

reply to post by SeekingAlpha


Are you referring to this oil embargo? en.wikipedia.org...

or more likely this one: en.wikipedia.org...

Either way, that was hardly the only thing Reagan had to deal with.

LOOK... I simply can't see why the most wasteful organization in the universe, The U.S. Govt, should get more from our blood, sweat, and tears to further their own corrupt political careers. No one will ever make me believe the answer to any of our problems is in D.C. Sorry I just don't get it and I am no where near being rich but I don't want someone getting my way if I decide to educate myself and provide a better a lifestyle for my family. I don't see anything wrong with getting rich as long as I don't violate someone else's freedom to do the same.

reply to post by Ookie

I say take everything they have.

They got it through luck. Not hard work or skill. It is blind chance that rich people meet other people that give them oppotunities that make them rich.

They won life's lottery and need to give it up. I agree with Huey Long. Tax at 100% anything over 100,000,000.

If you need more money than that too bad.

Either that or make the death tax 100% for anything over a million.

Screw the rich.

They suck and should die.

Bunch of greedy pukes.

WOW, I am poor too, but really? WOW

So you think the governments are going to give the money to you?

What are you thinking, exactly?

Originally posted by Submarines
I'm not sure how the French tax code works, but if it is like the US, 50 percent of people, all lower and middle class either don't pay taxes or get their taxes refunded.

Wow, this sounds like a statement directly from Fox News. You wouldn't by any chance, have any documentation to back up your idiotic statement that they're "all lower & middle class," would you?

The people who don't pay taxes are the same ones that have the money to buy congressmen who will insert loopholes into the tax code in their behalf.

Now, just how many of those "lower & middle income" people have that kind of money to throw around?

You want to know who's NOT paying taxes? Check it out here;

thinkprogress.org...

In fact, in the last three years, 78 corporations had at least one year where they paid no federal income tax at all, while 30 corporations paid not a dime over the entire three years. Those 30 corporations paid nothing, even though they made $160 billion in profits over that period:

France is doing the right thing. Their little neo-conservative experiment failed miserably, now they're moving to correct the problem and America needs to do the same thing.

reply to post by Flatfish


There is always going to be rich and always going to be poor, actually the poor are going to get poorer,

Originally posted by FlyersFan
Slavery to the state. Atlas will shrug in France.

So if you dare to make a lot of money and/or be productive ... the French government will steal 75% of your earnings. Slavery to the State. Atlas will shrug in France.

Oh really?

I wonder what the average pay in France is?

Do you really need more than $1 million per year?

reply to post by DaRAGE

Do you pay taxes?

I would like to have a million.

If you just won a million would you want to give up seventy five percent of it?

I would like to decide who got the other 75%, not where the government spent it.

reply to post by Flatfish


Oh, and lookie here, this is reported by CNN!

money.cnn.com...

As I have said in the past, it is to bad that ignorance isn't painful.

The oil embargoes were a direct link to the US miseries during the late 70's. Oil prices went up which resulted in the prices of everything else that is associated with oil/gas going up as well.

With regards to your statement about Govt. spending. Are you trying to say that corporations are better at managing public funds than the Govt. I seriously question your view on business and the economy if this is what you think.

If the last 20 years haven't taught you anything, it is patently clear that private business are WORSE with money than the US Govt. There are many examples, but all you have to do is look at Wall Street and what it has become in the last 20 years and you have all the answers you need right there. Wall Street has taken the public's wealth and turned it into a rigged casino where theft has become legal.

Yes, the govt. may not be the most efficient in managing money, but I would many times rather have the US Govt. take care of my money rather than the group of businesses that collapsed the global economy.


reply to post by sasquatch5100

reply to post by Submarines


I read the entire article you linked and I still can't find the part which states that all of the non-tax paying Americans are lower & middle class.

Would you would mind pointing it out to me?

reply to post by Submarines


Maybe we wouldn't be living paycheck to paycheck if they didn't take so much out of my husbands pay,

Then there is earned income credit, where you get more back at the end of the year than you paid in.

We pay taxes yet reap no benefits whatsoever from the government.

Our taxes go for food stamps, medicare, and help support the welfare programs, yet we don't have healthcare, since we are supporting others health care through our hard work and taxes, shouldn't they,

KEEP US SLAVES HEALTHY TOO?

We are the invisible ones who fall through the cracks.
When we are gone, then what?

Originally posted by Flatfish
reply to post by Submarines

 

I read the entire article you linked and I still can't find the part which states that all of the non-tax paying Americans are lower & middle class.

Would you would mind pointing it out to me?

While the Zero Tax Club includes some very high-income households, it is made up disproportionately of low- and lower-middle-income households.

I would suggest a more thorough read.

In the UK the problem is with tax avoidance or in evasion. The very rich employ accountants who find creative ways of not having to pay tax. The world would be better off closing these loop holes and Tax havens, than just hitting people with a tax rise.

The problem as I see it, is that rich people would never have become rich had it not been for the generations of Tax payer that created the environment in which to flourish and become rich. From the education to the military defense of those nations. These things have to be paid by tax to ensure a nation can survive and have the potential to earn riches.

What is happening now, is that people have become rich and decided they should not have to pay taxes for the future generations. They are taking from the pot , but not giving back. They need to realise their wealth was not created in a vacuum.

reply to post by Stormdancer777


Preaching to the choir, Stormdancer!

I am sick and tired of my hard work supporting the leches on welfare. In reality, what would motivate them to work, when they can get more money from the government rather than supporting themselves.

I would agree with a short term welfare system that is used as a safety net, but people make it their way of life.

Originally posted by nuclear12346
How dare they ask for a small % back.

75% isn't a 'small percent'

Originally posted by The Sword
Why do you always defend people with money?

Why do you always try to take money from people who have more?
That's called THEFT.

Originally posted by syrinx high priest
welcome to the US, french rich people
please spend some money while you are here

Exactly. People will take their money and their business and leave. Either that, or they won't bother to earn it anymore. Why should they? It's just going to be stolen from them.

Originally posted by Stormdancer777
Who they gonna tax when all the rich people are gone?

There ya' go. Then people will have to actually make their own money instead of stealing everyone else's.


reply to post by Ookie

:shk: blah blah blah ... wrong.
I do not condone stealing from people simply because they have earned more than I have.
I am not a parasite or a looter.