French Voters Support Proposed 75% Tax Rate On Rich

PARIS (Dow Jones)--A majority of French voters support a proposal from the Socialist Party's presidential candidate Francois Hollande to impose a 75% tax on the income of people earning more than EUR1 million a year, a poll by Ipsos showed Monday.

I hope this guy wins and this rate is imposed so we can sit back and watch what happens.

http://online.wsj.com/article/BT-CO-201 ... 06655.html

CritiKalbILL wrote:

PARIS (Dow Jones)--A majority of French voters support a proposal from the Socialist Party's presidential candidate[/i] Francois Hollande to impose a 75% tax on the income of people earning more than EUR1 million a year, a poll by Ipsos showed Monday.

I hope this guy wins and this rate is imposed so we can sit back and watch what happens.

http://online.wsj.com/article/BT-CO-201 ... 06655.html

He promised to reverse the legacy of Mr. Sarkozy by raising taxes for corporations, banks and the relatively wealthy, creating 60,000 teaching jobs and bringing the retirement age back down to 60, from 62. He also promised to create 150,000 subsidized jobs in areas of high unemployment, putting his emphasis on better opportunities for the young, and said he wanted to promote more industry in France by creating a kind of public investment bank.

http://topics.nytimes.com/top/reference ... index.html

Does it sound like anyone we know? Socialist Party's presidential candidate[/i]... all the Democrats are missing is a name change.

CritiKalbILL wrote: I hope this guy wins and this rate is imposed so we can sit back and watch what happens.

Well we could look to the UK, and see that raising their rate to 50% decreased revenue from the millionaires.

http://www.telegraph.co.uk/finance/pers ... enues.html

Just look west to California.

Will likely happen since the Sarkozy vote is being split by the Ms. Pen who is going for the French disciples of Ron Paul.

FredHayek wrote: Will likely happen since the Sarkozy vote is being split by the Ms. Pen who is going for the French disciples of Ron Paul.

WHAT? There is no way you can compare the supporters of Ms. Pen to to the supporters of Ron Paul. I am far from a Ron Paul fan in any way, but that statement is ludicrous and just plain wrong. You evidently know nothing about Ms. Pen and her National Front Party.

The FN has historically preserved its affinities with many of the traditional values of Vichy France, including the motto Travail, famille, patrie.[139] In line with this, some FN party officials, notably Jean-Marie Le Pen and Bruno Gollnisch, have occasionally espoused what has been seen as latent anti-Semitism in the party, including minimisation of the Holocaust and the Occupation.[139] In 2005, Jean-Marie Le Pen considered in the far-right newspaper Rivarol that the German occupation of France "was not particularly inhumane even if there were some blunders," and in 1987 referred to the Nazi gas chambers as "a point of detail of the Second World War."[139] He has repeated the latter claim several times.[140] Also in 2005, Bruno Gollnisch cast doubt on the findings of the post-war tribunals and the official version of the Holocaust.[141] Both received fines for these incidents.[142][143][144] The current leader of the party, Marine Le Pen, publicly rebuked Gollnisch for his remarks, and distanced herself for a time from the party machine in protest against her father's comment.[145] Mme. Le Pen has, during the 2012 presidential elections, worked hard to align herself with the many Jewish people in France, in an attempt to obtain their support in the election.[146]

http://en.wikipedia.org/wiki/National_Front_(France )

And don't be fooled. Ms. Pen (and her father behind the scenes) still hold anti-semitic and Vichy sensibilities. The FN has simply put on a new face for the public and the media. Even the French are not fooled by their sudden "reversal" of past held ideologies. Last year while in Paris, I had a long discussion with a number of friends of mine who have lived in Paris for 30 years, and they confirmed to me that the French public are well aware of what the FN stands for. And her supporters have been given a "new coat of paint" in which to hide their racist and nationalistic beliefs.

Fred... you're way off base on your comment above. What in gods name do you know about French politics?

If you look at who are supporting Ms. Pen, it is alot of the same type people who support Ron Paul.
Blue collar folk who normally support the socialists or communists in France.
(Economist this month.)
Side note: Germany's Angela Merkel is trying to influence the election, she would like Sarkozy to get another term, and she doesn't want the socialists to win.

FredHayek wrote: If you look at who are supporting Ms. Pen, it is alot of the same type people who support Ron Paul.
Blue collar folk who normally support the socialists or communists in France.
(Economist this month.)
Side note: Germany's Angela Merkel is trying to influence the election, she would like Sarkozy to get another term, and she doesn't want the socialists to win.

Thanks for your answer... you know nothing about French politics. The supporters of FN are national socialists... in Germany that would be Nazis. Why do you think that the Wiki article states that they still hold Vichy sentiments? Don't answer, your answer will be wrong.

Don't you remember the earlier comments about those Ron Paul newsletters giving a forum for anti-Semitic and racist attitudes? Maybe the Paulistas & Penistas aren't that different? Evolving, but similar pasts.

FredHayek wrote: Don't you remember the earlier comments about those Ron Paul newsletters giving a forum for anti-Semitic and racist attitudes? Maybe the Paulistas & Penistas aren't that different? Evolving, but similar pasts.

And I'm the one that posted those anti-semitic references... but no way you spin it... Ron Paul supporters are not similar to the supporters of the FN... most of the Ron Pul supporters have never even seen those 20 year old newsletters. Ron Paul represents various shades of libertarians... Frances National Front are not libertarians. Go educate yourself about the FN and Ron Paul's platform positions. You're not even trying to delve into what the National Front represents and what Ron Paul represents.

So... Ron Paul supporters are Vichy French nationalist in their ideology? What the hell are you smoking?