French Socialists Approve 75% Tax Rate for High Earners

reply to post by Benevolent Heretic


You sound as if you can make the decisions of a CEO that will allow the corporation to continue to flourish and, dare I say, profit.

I've got news for you, CEO's are a rare breed with special talents and have a unique way of seeing things a normal person can't.
Not everyone can become a CEO. They didn't get there just like that.
But if people want to earn what a CEO makes then they should become a CEO, at least while they can.

Q: what happens when they run out of other people's money?
What then?

The solution is a flat tax. Everyone pays 25%. Both individuals and corporations. No loopholes.

Unfortunately, this is a pipe dream because it would limit politicians ability to sell their BS over someone else's. In particular, it would make the republican party completely irrelevant.

The only solution is to stop tax avoidance and evasion, close down Tax havens. Then you wouldn't need to raise any taxes. Billions and billions are lost through these practices only employed by those wealthy enough to have a special accountant.

Originally posted by woodwardjnr
The only solution is to stop tax avoidance and evasion, close down Tax havens. Then you wouldn't need to raise any taxes. Billions and billions are lost through these practices only employed by those wealthy enough to have a special accountant.

Wealthy enough to have an accountant? Where do you live? In the US, everyone can utilize accounting firms, for a very small fee to file their taxes.

You have said nothing about the 47% that pay no tax at all or have all of their tax refunded.

I would agree that a flat tax would be an improvement. But the only way to really hit everyone would be with a flat sales tax.

reply to post by Submarines


Likewise you have said nothing on the Tax avoidance and evasion issue. Seems you have a problem with poor people not paying their way, but happy for the rich to pay less because they have the ability to do so.

Originally posted by woodwardjnr
reply to post by Submarines

 

Likewise you have said nothing on the Tax avoidance and evasion issue. Seems you have a problem with poor people not paying their way, but happy for the rich to pay less because they have the ability to do so.

Did you even READ what I posted?

I said the ONLY WAY FOR EVERYONE TO PAY IS A SALES TAX. That is because EVERYONE has to buy goods and services.

There needs to be one of these smiley faces on the side that is shaking its head or banging it against a wall.

FYI, I'm just shaking my head.

Originally posted by The Sword
reply to post by FlyersFan

 

Slavery to the state?

If anything, it will reign in those who think they can get away with paying little or no taxes.

Why do you always defend people with money? Please answer me because it's illogical when they're the very ones keeping us all down.

It is A Stockholms syndrome thing I think. Some people cannot accept that the system sucks and is enslaving and choose the side of power instead. Because if the people in power do not deserve the power they get then we are really in trouble arent we. Seems to fit fine with the world around us does it not. People always think they have evolved so much further but are very close to become the next people of the oppressers who wont speak out like in Nazigermany. Hail Das Kapital have been the phrase for the last 60 years and the people who can manipulate the rest for the most of it have to be good and not parasites?

reply to post by Submarines


A flat sales tax would be manipulated by the rich the same way the income tax or corporation tax is manipulated. Close Tax havens and end evasive practices, people pay the set rate of tax agreed by democratically elected officials.

Originally posted by Submarines
reply to post by kwakakev

 

I'm suggesting that EVERYONE should foot the bill.

If you want to go that route, why are the people only making 20,000 euros? What have they done to improve their situation? What kind of investment of time do they put into their situation? Same question for those that are making 1,000,000 euros. What have they done to get into the situation they are in?

If you are only making 20,000 euros or dollars, you can be doing things to make more. If you aren't, you are simply relying on others to make your ends meet. I feel leaching off of society is wrong.

And spending all that time in university to get a diploma in technical subjects and then find out the jobmarket is dead on that front was ous leaching of the society. And me working my ass of getting money to a consultant company while a person buys the company and does nothing and gets a nice check every month for nothing makes me think the system is working.

The game is rigged and the ones who came in late are the lossers. Honest days pay for the effort you put in does not exist anymore. To many parasites with money needing their share and the politicians and goverment is not better.

reply to post by SeekingAlpha


I said nothing about corporations handling "public" funds. I say the "public" itself is better at handling "public" funds the way they see fit. Not sure how you got that I think corporations should handle public funds. They, meaning private sector or govt leaders, should be prosecuted when they deceive us like Ken Lay was and Barney Frank was not.

I think you can determine the best use for your own money rather than me or some idiot in D.C. deciding for you.

I don't need them to tell me how my money is best spent.

You question my thinking? I side with freedom over anything else. If you violate someone's freedom to decide for themselves by lying and cheating then you should be in jail IMO.

example: no one would have invested in Enron had they not been lied to. Their freedom to choose for themselves based on the facts was manipulated and taken away by the lies. Same as Barney Frank on Freddie and Fannie.

Originally posted by Stormdancer777
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.

yes I do pay taxes. I paid $13500 last year in taxes on $62000 earnt.

Now it's 75% of your income AFTER you have reached your $1,000,000 amount. Up to that point you are maybe paying 50% tax like your average industrialized nation? Australia it's like 48%.

You don't think that is enough? Really? Australia's average wage is something like $50,000.

Earning 20 times that amount, you don't think you have earn't enough? Sure half of that million is taxed, so $500, 000 in your pocket, or 10 times as much as the average worker before their tax..? It's just not enough?

Are you a CEO of a corporation who put workers off and received a pay raise for it of $10,000,000? Congratulations, you are what this tax is trying hinder, and redivert 3/4th of that money to public coffers to be spent on things like schools, hospitals, roads, or... bungled government projects.

reply to post by Alxandro

Originally posted by Alxandro
reply to post by Benevolent Heretic

 

You sound as if you can make the decisions of a CEO that will allow the corporation to continue to flourish and, dare I say, profit.

I do? I don't know what I said that makes you think that, because I neither said nor implied any such thing.

I've got news for you, CEO's are a rare breed with special talents and have a unique way of seeing things a normal person can't.
Not everyone can become a CEO. They didn't get there just like that.

Really? They're a "special breed" different than "normal people"? Wow... Interesting views about these "super-beings" you have...

But if people want to earn what a CEO makes then they should become a CEO, at least while they can.

Well, according to you, normal people cannot possibly become one of these special breed of human being.

Q: what happens when they run out of other people's money?
What then?

I don't even understand this question. Who is "they". CEOs?

Originally posted by Benevolent Heretic
We really should take a lesson from the French on this one. The wealthy and corporations have had the wealth redistributed to them for far too long. It's time for all of us to benefit from the work done in this country instead of the elite benefiting while the worker is uncompensated.

Over the last 30 years, CEO Pay Grew 127 Times Faster than Workers' Pay

That's purposeful redistribution of wealth! From the people to the CEOs and wealthy!

CEO pay spiked 725 percent between 1978 and 2011, while worker pay rose just 5.7 percent, according to a study by the Economic Policy Institute released on Wednesday.

I don't care how it happened or which party was in power during what time. The facts speak for themselves.

If you look back 33 years to 1981, the French electorate voted in a socialist President who had a clear mandate to engage in social reforms.

Only two years later there was enormous pressure placed on the Franc, this resulted in the reversal of course.

Although France no longer has the franc, it is not difficult to see how things will pan out.

reply to post by Benevolent Heretic


Hey BH, looks like you have almost one million ATS points there, babe.

Seems greedy and excessive, I think you should redistribute 75% of those points to the less fortunate.

Originally posted by Alxandro
reply to post by Benevolent Heretic

 

Hey BH, looks like you have almost one million ATS points there, babe.

Seems greedy and excessive, I think you should redistribute 75% of those points to the less fortunate.

You mean 75% of the points above 20.000 ? Because that's what it is. Let's see if BH would mind giving 1600 points for the whole ATS community to share.

Up to 5 963 euros : 0%
From 5 964 euros to 11 896 euros : 5,50%
From 11 897 euros to 26 420 euros : 14,00%
From 26 421 euros to 70 830 euros : 30,00%
Above 70 830 euros : 41,00%

It's quite a pain in the ass but to keep it simple if you earn 50.000 euros per year, you won't have to pay 30% of 50.000.
You'll have to give 5.5% of the first part (from 6000 to 12 000 euros) then 14% of the second part (12 000 to 26 500) and then 30% of everything above 26 500.

So 5.5% of 6000 euros + 14% of 14 500 euros + 30% of 23 500

You'll pay approximately 9500 euros on your 50 000 euros income instead of 15 000 if it was 30% of 50 000.


You should know that one of the top rated USA president, Franklin D. "Communist" Roosevelt, created a similar tax in the USoA : 94% applied to income above $200,000. Quite funny isn't it ?

Originally posted by Alxandro
\
I've got news for you, CEO's are a rare breed with special talents and have a unique way of seeing things a normal person can't.
Not everyone can become a CEO. They didn't get there just like that.
But if people want to earn what a CEO makes then they should become a CEO, at least while they can.

This is the sort of thinking that really scares me. Worshiping the rich because they are rich, believing that someone's net worth somehow equates to their value to society.

Most CEO's are in the position they're in thanks to nepotism, favoritism and simply being lucky. There are construction foremen who have to make more difficult decisions than CEO's. There are engineers and chemists who have to think more creatively and critically than CEO's on a daily basis.

Teachers contribute vastly more to society than CEO's, yet earn around 1% of what they earn.

When one person accumulates an unnecessary amount of wealth, they become a drain on society. Especially when that wealth is being accumulated by someone who contributes very little back towards society, such as a CEO or shareholder.



This is an aspect of Republicanism that I will simply never understand: the endless worship of the financial sector when they are the ones that got us into this mess in the first place.

Originally posted by Submarines

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.

Exactly!!!! Unfortunately, that's not what you previously said, which was;

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.

Notice how, in your quote, you utilized the word "all" in place of the word "disproportionately?" I don't know whether it was because you didn't read the article thoroughly, or whether it was because you would just like to pretend that "all" the non tax paying citizens are lower & middle class. Either way, your statement was a clear misrepresentation of the truth.

On the other hand, do you know what else is disproportionately distributed among the lower & middle class? Money, that's what! It doesn't take a rocket scientist to figure out that you can't get money from a place where there is none to spare.

Originally posted by The Sword
reply to post by FlyersFan

 

Slavery to the state?

If anything, it will reign in those who think they can get away with paying little or no taxes.

Why do you always defend people with money? Please answer me because it's illogical when they're the very ones keeping us all down.

Spoken like a true sheep who has been tricked into loving socialism.

Baa.

reply to post by FlyersFan


LOL yeah because we all all know people with desk jobs deserve to live in mansions.

the work is sooooo hard it took so much education.

cry me a river build a bridge and get over it.

reply to post by sasquatch5100


if the rich are just going to store their wealth in a computer database, what good is it doing anybody.

what good is trillions upon trillions of dollars existing only in a computer database in some far flung bank server.

they aren't rich, besides their actual possessions.

the rich are just pawns like everybody else.

if i was worth billions of dollars, i would withdraw it from all the banks in the form of cash, use a $100 million to build the worlds most impenetrable fortress with a hundred heavily armed guards and link it to the global electronic banking system.

but the actual cash would still be their for my use, not disappearing into computer code and binary numbers.

how many times have you watched cribs or seen the inside of a "rich" persons mansion, only to see it pathetically furnished with little furniture, class or full of crap.