This is an amazing turn of events imo. The French people just elected the socialists to power cementing, imo, their race to financial collapse. For their judges to actually over turn this is a shock. I really like that they overruled it because it was not representative of "equal taxation". Gerard Depardieu drew attention to this issue when he moved to Belgium instead of facing such a tax rate. Liberals just do not seem to understand that the very rich can easily change countries if they desire. That is why the middle class will always be stuck with the bill for any increases. Will obama and the American socialists read the writing on the wall? Somehow I doubt it.
France’s highest legal body, the Constitutional Council, announced on Saturday it was overturning the Socialist government’s flagship 75 percent income tax rate for high earners, marking an embarassing setback for President François Hollande.
Thank you for your input.
Originally posted by Bennogob
As I'm French I just want to tell you something OP : Yes we have a left-winged governement at this time , but the "top French court" as you described it ( Cour Constitutionnelle in french^^) is still right-winged by his majority...
So it's not really a surprise for that decision...The governement has already said they will try to make it voted in another form very soon...edit on 31-12-2012 by Bennogob because: add