France introduces new tax on high incomes

Source: BBC

The French government is to impose an extra tax of 3% on annual income above 500,000 euros (£440,000; $721,000).

It is part of a package of measures to try to cut the country's deficit by 12bn euros over two years.

The tax increase came after some of France's wealthiest people had called on the government to tackle its deficit by raising taxes on the rich.

Paris has also reduced its economic growth forecast for 2012 to 1.75% from a previous 2.25%.



Read more: http://www.bbc.co.uk/news/business-14656486

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"If you don't like our rules, move to France" ... oh, if only I could.

unlike the Greeks who don't bother.

We are so stupid and so totally screwed over here.

We couldn't even end the Bush tax cuts with a Democratic Congress. And all we needed for them to do to end those was do nothing and they'd end.

He should have just told those out of work whos benefits were due to expire to suck it up and told the rich to shove it up their ass assuming of course that the tax breaks expiring even would really effect if they managed to exploit the same loopholes GE did to weasel out of paying their taxes.

And we should never make the Republicans filibuster extending tax cuts for the middle class or extending unemployment benefits.

And how could I even dream that the tax cuts, which cost us hundreds of millions of dollars per year in lost revenue, won't actually get any revenue back, because the rich, who had apparently paid these extra taxes before the law went into effect, will now have figured out a way not to pay them.

The people there know a whole lot more than people here. I imagine that you wouldn't find any polls in France with 70% of the populace thinking they are in the top five percent of income earners. (Polls in the USA show that 70% of our populace thinks that they are in the top five percent.)

A top box office draw featured the life and times of their "Elizabeth Warren." The corruption at the top of their system of government was exposed in a way we won't experience here.

The film depicted how the woman was "promoted" into a "higher office' so she could accomplish very little other than deciding how the furnishing was arranged and what color tones the wall paper would be.

In a nation of eighty million people, only five million flu shots were administered. The French people were given information about how the adjuvants in those vaccines were harmful to them. (Adjuvants have not yet, as far as I know, been put in our vaccines for the flu. Though now that an entire supply of vaccine material sits unused in France, those doses might show up here.)

A rare situation ,or maybe just in Corpocracies.

In France, this wouldn't even affect him.

Too bad rich people in America, with the exception of guys like Warren Buffet, don't have that same awareness.

The rich of France must have long memories.