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French President Francois Hollande's Socialist Party has won a solid majority in parliamentary elections, fortifying Hollande in his push for governments to spend money - not cut budgets - to tackle Europe's economic crisis. Read more: www.smh.com.au...
Socialists now have an unprecedented lock on politics in France, and plan to use it to raise taxes on big banks and oil companies, levy a 75-per-cent tax on incomes higher than €1 million ($1.26 million) a year, and hire 60,000 teachers.
Hollande's push for government-sponsored stimulus programs has met opposition from German Chancellor Angela Merkel, but both have pledged to keep working together to ease Europe's financial crisis. Read more: www.smh.com.au...
The measure will sit alongside Hollande's promised new top tax rate of 75% on income over 1 million euros, which is extremely popular among the French public, and which he has described as an act of "patriotism" and "morality"..
Originally posted by buster2010
The American media is hardly freaking out. We might hear about it on the evening news but really not that much.
Originally posted by buster2010
The American media is hardly freaking out. We might hear about it on the evening news but really not that much.
Originally posted by Badgered1
Originally posted by buster2010
The American media is hardly freaking out. We might hear about it on the evening news but really not that much.
Oh, come on! Do you really expect us to believe that the American media will report on news that happens outside the US, and doesn't involve Americans? What's next? They'll be telling us that there are actually other countries beyond the USA.
I, for one, won't be believing any of that nonsense.
Nope. I'll be safely tucked up with the extensive world view I've been given by the good people at Fox News.
Originally posted by Badgered1
reply to post by Germanicus
They are. Overseas. With a 3:1 ratio.
They do make jobs, just not here.
Originally posted by sheepslayer247
I like the idea that a country is taking a step towards protecting the average citizen, but it is going to take a lot more than "stimulus programs" and taxing rich folk to save an economy.
They should be looking at their corporate charter system to revamp how business should be conducted from the ground up and allow allow consumption to dictate tax rates.
Allowing the government to have this much power will always end up with outright corruption.
The whole world is rejecting american style capitalism.
Originally posted by buster2010
reply to post by Germanicus
Actually the MSM has no problem showing anything about a country just because it's socialist. It's just that Americans aren't that interested about what is going on over seas.
And of course they freaked out over the oil they were getting it for next to nothing and making millions.
Originally posted by sheepslayer247
reply to post by Germanicus
I completely agree. Corporate and banking interests need to be put in their place, but what are they going to do to change the way corporations and banks do business?
Tax them?
We all know how well that usually works out when the people in charge are corrupted by money to favor their corporate/financial masters. Piss-poor legislation will soon follow.
You have to change how they are allowed to do business from the ground up. I don't see anything here about massive overhauls of each industry.
Originally posted by JackBauer
France can welcome the past, the failed past, while we will proudly keep our free system that lets people do as they please to make a living. If you excessively tax and punish the employers out of business, guess what? You no longer get a paycheck. France will be sorry for this.
Originally posted by Germanicus
The US capitalist media is freaking out.
Originally posted by eagleeye2
Egalité, Fraternité and whats the other one?
Title is a bit misleading.
France turns socialist, again.
Not the world..
And even there. On a scale, Using a clock. If you put Liberal Democracy at 12 o'clock,
The French are around 10 left, while in North America its at 3, way right.
Cuba and Venezuela would be at 8 way left. While Fascism would be 5 extreme right..
Give or take 1 since its been a while I've traveled in Yurop. lol
I hope you guys will understand.