guess who is next?

[le_boudin 2]

Thousands of French Households Taxed 100%

 

 

http://finance.yahoo.com/news/thousands-french-households-taxed-over-062530348.html

 

[JackDaWack 2,895]

Lets get an opinion before this thread is locked.

[10X 3,296]

"Let them eat cake" responded socialist President Francois Hollande, when asked how the citizens were to get by when taxed at 100% of income.

[Duppie 73]

Thousands of French Households Taxed 100%

 

 

http://finance.yahoo.com/news/thousands-french-households-taxed-over-062530348.html

Not 100% but there are a number of high worth American citizens who have surrendered their passports and taken up residence in tax havens in order to keep more of what they have earned,and the trend seems to be growing.

[le_boudin 2]

what is there rationale to take 100% tax? and what is the incentive to work/make money if you know that everything will be taken?!!!

[Duppie 73]

what is there rationale to take 100% tax? and what is the incentive to work/make money if you know that everything will be taken?!!!

In France...properly a moot point. The French has the shortest work week and some of the most liberal vacation and time off in Europe.

[Shawnmoore81 623]

Still. A job could give you 11 months off a year but if you still don't get paid would you really still go?

[Damjan 73]

Many in France are leaving the country due to this.....including this fool

 

http://www.hollywoodreporter.com/news/gerard-depardieu-compares-vladimir-putin-525297

 

I can inky imagine what they ll do to him when they bleed him dry.

 

Its been popular to get a Belgian residence/passport or claim Swiss ancestry to get away from the taxation.

[Worn_Holster 2]

Only government workers in France enjoy the host of desirable benefits that you describe. There are more non-government workers stuggling to survive with much fewer benefits, although health care, and housing and transportation allowances are enjoyed by all. The health care isn't all that great, and it is the pharmaceutical companies that are raking in the health care money.

[Duppie 73]

Still. A job could give you 11 months off a year but if you still don't get paid would you really still go?

The tax the French and increasingly here in America is aimed at high worth individuals who each government targeted as "not paying their fair share"several of the Americans  were dot com wiz kids who decided to move to Singapore,Costa Rica, and even a French actor who was welcomed to Russia with instant residency by Putin.

[Duppie 73]

Only government workers in France enjoy the host of desirable benefits that you describe. There are more non-government workers stuggling to survive with much fewer benefits, although health care, and housing and transportation allowances are enjoyed by all. The health care isn't all that great, and it is the pharmaceutical companies that are raking in the health care money.

True but like NJ the public sector is quite large and the ones struggling are overwhelmingly recent immigrants from just about every ex France colony around the globe.

[Worn_Holster 2]

French colonization has been over for some time now, and many of the immigrants that the French imported to help with their formally growing economy are now 5th and 6th generation FRENCHMAN, yet they are blamed for the current problems in their largely socially governed society. It is hard to know what goes on in another country if all you base your understanding is what you read in the media. BTW, most french folks think all Americans eat daily at McDonald's, and likewise Americans think that all French eat fancy modern haute cuisine, which is far from the way that it really is.

[Damjan 73]

Only government workers in France enjoy the host of desirable benefits that you describe. There are more non-government workers stuggling to survive with much fewer benefits, although health care, and housing and transportation allowances are enjoyed by all. The health care isn't all that great, and it is the pharmaceutical companies that are raking in the health care money.

 

Even in the private sector you have more rights than here.

 

My French colleagues who got laid off get 2 yrs of unemployment that is 80% of their salary.

Plus they have an automatic union that can bring you back to work if you re fired abruptly deem that the employer overstepped and harassed you. The notice to be let go is 4 months in which you can still go to work but many dont.

Even if you are demoted they have to pay you the same salary.

[maintenanceguy 510]

I'll take the freedom to make my own success and keep most of the reward for my hard work. Stealing from the rich is still stealing.

 

Take away the reward for success and no one will bother to succeed. Without successful wage payers there can be no wage earners. This is why socialism and communism always fail.

 

 

Sent from my BlackBerry 9930 using Tapatalk

[Duppie 73]

French colonization has been over for some time now, and many of the immigrants that the French imported to help with their formally growing economy are now 5th and 6th generation FRENCHMAN, yet they are blamed for the current problems in their largely socially governed society. It is hard to know what goes on in another country if all you base your understanding is what you read in the media. BTW, most french folks think all Americans eat daily at McDonald's, and likewise Americans think that all French eat fancy modern haute cuisine, which is far from the way that it really is.

Thank you,I didn't mean to raise your hackles, I am well aware of what Europeans think of Americans, I am European born and spent 2 1/2 years living and working there recently. The most recent equivalent of France's census has immigration from former French colonies in 2010 at over 7.2 million not including the estimated 700 to 800 k undocumented..........so yes there are 5'th and 6'th generation but also a significant %, some 11% are recent immigrants.

My news I gather from several sources. Reuters,AP,BBC,Dagblat,The Guardian, and when available radio Luxembourg.

[Worn_Holster 2]

I am not French, but I lived there for a year and I have many good friends there. There are good people everywhere, and it sucks when they are stereotyped. No offense taken, I just think the French often get a bad rap.

[Duppie 73]

I am not French, but I lived there for a year and I have many good friends there. There are good people everywhere, and it sucks when they are stereotyped. No offense taken, I just think the French often get a bad rap.

I hear you....I love Paris and never had a single problem with the French regardless of their largely undeserved reputation for aloofness. My own people?.....more so.

[DirtyDigz 1,811]

According to the article this was a "one-off" levy, not a continuous rate, but I bet it's still going to drive those with resources and mobility out of France.

[Worn_Holster 2]

One of the wonders of the world should be walking into a cheese shop in Paris.... What an awesome aroma!

 

We should only hope that the assault on wealth here doesn't take lessons from the French.

[Duppie 73]

One of the wonders of the world should be walking into a cheese shop in Paris.... What an awesome aroma!

 

We should only hope that the assault on wealth here doesn't take lessons from the French.

.....that is the exact reason I shop at Marche Atwater in Montreal....Even Murry's in the city cannot replicate the complex waft of an aged whole milk Camembert or Livarot.

[raz-0 1,259]

what is there rationale to take 100% tax? and what is the incentive to work/make money if you know that everything will be taken?!!!

 

REad the article, it only reached that level due to a one time assessment. What the actual ongoing rate would be, who knows. Last I heard discussed was 75%, but I also recall the uproar that caused, and the article seems to imply that wasn't what was actually done. They just say a small number of households were taxed at 100% or over, and a larger number at over 75%. 

[KpdPipes 388]

Not 100% but there are a number of high worth American citizens who have surrendered their passports and taken up residence in tax havens in order to keep more of what they have earned,and the trend seems to be growing.

 So far, IIRC, Their former president has renounced his citizenship and moved to Switzerland (?) and Gerard DePardieu has become a Russian  Citizen because of the tax situation in France.

[Duppie 73]

 So far, IIRC, Their former president has renounced his citizenship and moved to Switzerland (?) and Gerard DePardieu has become a Russian  Citizen because of the tax situation in France.

According to a Forbes article more almost 1800 in the first 3 quarters of 2012,690 in the first 90 days of 2013, it has caught the eye of our fine politicians who want a way to tax Americans even after they renounce their citernship.

Facebook co founder Saverin moved to Singapore,Denice Rich,Tina Turner,Isebella Getty just to name a few. It was even hinted that newest Tumblr millionaire David Karp was anticipating a move to Singapore after sealing the sale to Yahoo.