French businesses responding to new Socialist regime with about as much enthusiasm as you’d expect

posted at 1:11 pm on June 20, 2012 by Erika Johnsen

Over the weekend, the citizens of France elected a new socialist majority into the lower house of parliament, completing the trifecta of socialist governance along with their already-socialist Senate and their newly-elected socialist president. Part of President Hollande’s campaign platform was a promise of higher taxes on the wealthy and on big businesses in order to help pay down the country’s debt (but of course, more government spending and more entitlements are also on the docket).  Now that Hollande has a fully cooperative parliament behind him, it looks like that plan is going full steam ahead.

For some peculiar and inexplicable reason, France’s captains of industry aren’t too excited about the pending penalties — er, I mean — taxes.

Bracing for a less business-friendly government, Medef President Laurence Parisot said employers’ concerns were falling on deaf ears in the government as they faced what she described as unprecedented uncertainty due to Europe’s debt crisis.

She warned margins were tumbling, orders collapsing and cashflow dwindling as investment and hiring were put off or cancelled outright in the face of the uncertain economic outlook.

“We’ve had many meetings with the staff in ministries to explain what’s happening, but we are becoming deeply distressed. We fear a systematic strangling,” Parisot told a news conference.

The government of President Francois Hollande, who was elected last month on pledges to fight unemployment and revive growth, is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.

When businesses and entrepreneurs start to find their environment counterproductive to their ends, they reliably start weighing their options and looking around at their neighbors for happier hunting grounds. At the G-20 summit in Mexico, British PM David Cameron made it known that he’d welcome French businesses with open arms (not that Britain’s tax code is especially enviable, but if it’s a question of alternatives…). There’s nothing like a good old-fashioned bit of French-versus-British competition:

Cameron slammed Hollande’s tax-and-spend approach to resolving the eurozone crisis in remarks before business leaders widely reported in the press but so-far unconfirmed by Downing Street officials.

“I think it’s wrong to have a completely uncompetitive top rate of tax,” Cameron said ahead of a Group of 20 meeting of leaders of the world’s largest economies in Los Cabos, Mexico.

Cameron promised to “roll out the red carpet” for France’s wealthy and businesses if Hollande’s government goes ahead with a campaign pledge to increase the tax rate on earnings above $1.26 million to 75 percent. …

Besides the 75 percent top tax rate, Hollande has pledged to crack down on tax breaks and raise taxes on banks and oil companies while reducing taxes on small and medium sized businesses.

Riddle me this, socialists: How do “big” businesses get that way? Businesses become big when a lot of people voluntarily decide to purchase their services. Oil companies and banks are entities of which almost everyone makes use in some capacity, and the efficiency they bring into our lives makes the world go ’round. Not everybody uses a hair salon or a bagel shop, but just about everybody has some stake in the energy and financial sectors. Targeting big businesses for increased taxation is just a pretty method for increasing prices and costs for everybody.

Heightened uncertainty, further restrictions, increased entitlement spending… sounds like a recipe for economic growth if ever there was one!

General political wisdom prescribes that if you want to discourage a certain behavior, you can tax it. Why anyone thinks its a good idea to tax success at a higher rate than everyone else, I’ll never understand.


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Choke on it.

Libraritarian on June 20, 2012 at 1:13 PM

Bishop!

Libraritarian on June 20, 2012 at 1:14 PM

Leave France, with all you have.

Starve the beasts. Let them become Starvilles. They deserve no more.

Schadenfreude on June 20, 2012 at 1:14 PM

Maybe we should have let Germany have them.

The Count on June 20, 2012 at 1:15 PM

Er, let them become Starnvilles.

Schadenfreude on June 20, 2012 at 1:15 PM

Filthy Capitalist Roaders! Unleash the Red Guard upon them!

JFKY on June 20, 2012 at 1:15 PM

The faster france goes to economic ruin the faster the eu and euro go into economic ruin. More popcorn please.

jukin3 on June 20, 2012 at 1:16 PM

They deserve whatever economic ills befall them.

As this post in The Green Room indicates, anti-Semitism is epidemic in France.

http://hotair.com/greenroom/archives/2012/06/20/antisemitism-in-france-at-crisis-level-govt-wont-prosecute-offending-muslims/comment-page-1/#comment-112250

itsnotaboutme on June 20, 2012 at 1:20 PM

I blame George W. Bush.

SC.Charlie on June 20, 2012 at 1:20 PM

Sacre bleu, mon bifteck et mon wazo!

Jeddite on June 20, 2012 at 1:21 PM

Not to worry, France can always import more Algerians, Moroccans, and Tunisians to work for them! Oh, wait…

Archivarix on June 20, 2012 at 1:22 PM

Jack Kemp said this years ago:

Anything you tax, you get less of.

Anything you subsidize, you get more of.

Nations that tax work, investment, and success while subsidizing nonwork, debt, and failure are doomed.

rockmom on June 20, 2012 at 1:22 PM

75 percent top tax rate

Why not 100 percent?

Then redistribute it all to the entrepreneurial “Youth” in the Paris suburbs. That’s a winning economic plan.

mudskipper on June 20, 2012 at 1:22 PM

Why is the Champs Elyse lined with trees? Because the German army prefers to march in the shade.

Add this thread to the anti-semitism thread and it’s easy to see that the French are just continuing their long history of allowing themselves to be strangled – whether by Nazis, Muslims, or Socialists – all with their traditional arrogance about how much better they are than everyone else. As I’m part French-Canadian, I hate to say this – but the French deserve what they get.

dentarthurdent on June 20, 2012 at 1:23 PM

Choking is not likely. French leftist use the guillotine.

WhatNot on June 20, 2012 at 1:25 PM

How do “big” businesses get that way? Businesses become big when a lot of people voluntarily decide to purchase their services.

Or some become big through connections to government officials who are able to divert public money towards private companies. Or through pernicious licensing and regulation that effectively protect some large companies from upstarts and competition.

Of course, these methods don’t lead to a stable or prosperous future.

chimney sweep on June 20, 2012 at 1:26 PM

‘She warned margins were tumbling, orders collapsing and cashflow dwindling as investment and hiring were put off or cancelled outright in the face of the uncertain economic outlook.

“We’ve had many meetings with the staff in ministries to explain what’s happening, but we are becoming deeply distressed. We fear a systematic strangling,” Parisot told a news conference.

The government of President Francois Hollande, who was elected last month on pledges to fight unemployment and revive growth, is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.’

Sounds familiar??? ‘Deja-vu all over again ‘ :)…. methinks Hollande took a page from Bammie’s failed economic policies book and now itrying to apply it to france…do they ever learn…

jimver on June 20, 2012 at 1:26 PM

For some peculiar and inexplicable reason, France’s captains of industry aren’t too excited about the pending penalties — er, I mean — taxes.

…oh!…they’re not being patriotic!…Joe Biden

KOOLAID2 on June 20, 2012 at 1:27 PM

The government of President Francois Hollande, who was elected last month on pledges to fight unemployment and revive growth, is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.

.
.
That is right off the pages of Atlas Shrugged.

Here.We.GO.

MichaelGabriel on June 20, 2012 at 1:28 PM

Not to worry, France can always import more Algerians, Moroccans, and Tunisians to work for them! Oh, wait…

Archivarix on June 20, 2012 at 1:22 PM

They Have maxed out on Maghrebis there :)…

jimver on June 20, 2012 at 1:29 PM

Øbama is now in the throes of Franco-Envy because of the socialist nirvana to come. I bet he moves to France in January to assist in the socialist administration of the French Republic Democratic Republic Democracy. I bet France doesn’t have a “natural born citizen” requirement for its presidency so, you know, uh, uh, there could be a non-white part-black former American President as President of France.
.
Chic alors! Wach out, Carla Bruni!

ExpressoBold on June 20, 2012 at 1:29 PM

Attn. American Lefties: Your ideology has left the classroom and is now going full steam ahead in France. Oh, and it’s 2012. France has access to all of the brainiac technocrats, planners, PhD’s, etc. that they would need to make your ideology work. There is no opposition…no evil GOP to stop the Progress to utopia.

Pay close attention to how this all plays out.

visions on June 20, 2012 at 1:30 PM

Even Johnny Depp couldn’t take living in France. Now they’d want most of his earnings over $1 million. Who would go for that, when they could just as well move to Los Angeles and keep their $.

Paul-Cincy on June 20, 2012 at 1:31 PM

Does the French government really not think that businesses are going to pass the costs down to consumers so that their profits don’t take a dip and alarm investors?

This is why socialism fails every single time.

Or succeeds, really.

mintycrys on June 20, 2012 at 1:31 PM

like they socialist are really going to DO what they say they would. they will actually govern the way the ran? no. sorry. the left never does that. no top 75 %tax rate. no french suicide. unfortunately. they’ll pretend they did it, when in actuality it will ahve some many looholes it wont be anything as advertised. and their useful idiots wont know the difference.

t8stlikchkn on June 20, 2012 at 1:33 PM

That is right off the pages of Atlas Shrugged.

Here.We.GO.

MichaelGabriel on June 20, 2012 at 1:28 PM

It was translated into French as Le Greve so they should have no excuses.

Lost in Jersey on June 20, 2012 at 1:36 PM

Krugman will set those greedy businesses straight!

gwelf on June 20, 2012 at 1:37 PM

Sí se puede!

Oui nous peut!

BacaDog on June 20, 2012 at 1:37 PM

Elections have consequences.

mankai on June 20, 2012 at 1:37 PM

They’re going after big business for the same reason that Willie Sutton robbed banks: That’s where the money is.

For the time being, anyway. Until they’ve been robbed.

Steven Den Beste on June 20, 2012 at 1:39 PM

Does the French government really not think that businesses are going to pass the costs down to consumers so that their profits don’t take a dip and alarm investors?

mintycrys on June 20, 2012 at 1:31 PM

If they raise prices, the government will just institute price freezes. Or windfall profits taxes.

Wait…..we’re you asking about here or France?

BacaDog on June 20, 2012 at 1:39 PM

Bishop!

Libraritarian on June 20, 2012 at 1:14 PM

Someone needs to explain this to me.

Red Cloud on June 20, 2012 at 1:40 PM

Heightened uncertainty, further restrictions, increased entitlement spending… sounds like a recipe for economic growth if ever there was one!

Sounds familiar!

KW64 on June 20, 2012 at 1:40 PM

Someone needs to explain this to me.

Red Cloud on June 20, 2012 at 1:40 PM

Our friend Bishop was “first” in many threads.

In his honor, if you are the first poster, rather than saying “first!” you say “Bishop”!

BacaDog on June 20, 2012 at 1:43 PM

jimver on June 20, 2012 at 1:26 PM

I guess you beat me to it.

KW64 on June 20, 2012 at 1:43 PM

‘French Business’ ‘Jumbo Shrimp’ ‘Work Party’ ‘Icy Hot’

Knott Buyinit on June 20, 2012 at 1:45 PM

‘French Business’ ‘Jumbo Shrimp’ ‘Work Party’ ‘Icy Hot’

Knott Buyinit on June 20, 2012 at 1:45 PM

French Military ______

dentarthurdent on June 20, 2012 at 1:47 PM

The government of President Francois Hollande,…is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.


What it actually discourages is hiring. After all, if you make it especially hard to fire someone, why take a chance hiring him in the first place? It then becomes a much better business decision to buy a machine and give it to someone you are already stuck with. After all, you can always “fire” a machine if things are not working out and if things get really desperate “firing” one man and one machine is half as expensive as firing two men.

Fred 2 on June 20, 2012 at 1:49 PM

Any truth to the rumor that Bernie Sanders (Soc-VT) is moving to Paris?

pilamaye on June 20, 2012 at 1:52 PM

They deserve whatever economic ills befall them.

As this post in The Green Room indicates, anti-Semitism is epidemic in France.

http://hotair.com/greenroom/archives/2012/06/20/antisemitism-in-france-at-crisis-level-govt-wont-prosecute-offending-muslims/comment-page-1/#comment-112250

itsnotaboutme on June 20, 2012 at 1:20 PM

Belgium and Norway too. As these countries fall apart, the people will look for scapegoats, and the Jews are the usual victims.

slickwillie2001 on June 20, 2012 at 1:56 PM

Not to worry, France can always import more Algerians, Moroccans, and Tunisians to work for them! Oh, wait…

Archivarix on June 20, 2012 at 1:22 PM

About 10 years ago a Russian author wrote a book called “Mosque of Notre Dame de Paris”, basically describing French as minority population and living in ghettos. She was villified in Russian press and called “sick, unstable and ridiculous” for her views.

Guess she had it right all along. My relatives loved to travel to Paris and did so frequently in years past. Last trip was 3 years ago and they said, No more. All around Champs Elisse it is nothing but Muslim shops and restaurants. Burqas are the norm and french is not a dominant language. South of France is much worse, Marcel has been heavily Arabic for a long time now.

Hell, look at the French soccer national team. And while you’re at it, replay the first game in Euro-2012 the German team played. The 4 players on the team who were not singing national anthem were 3 Turks and 1 African, they just stood there without any emotions. At least French soccer players sang their anthem.

Western Europe is pretty much gone Muslim, Eastern Europe won’t for a long time, they still remember history.

riddick on June 20, 2012 at 1:58 PM

I read this article yesterday and was shocked to read that one of the rich people interviewed was “fine” with the 50% tax but horrified at the 75% tax. I am horrified that he was fine with the 50% tax. Zowie.

karenhasfreedom on June 20, 2012 at 2:01 PM

General political wisdom prescribes that if you want to discourage a certain behavior, you can tax it. Why anyone thinks its a good idea to tax success at a higher rate than everyone else, I’ll never understand.

This should be thrown in the lib-freaks faces every day. They continually say they want to use taxes to discourage the growth of industries they don’t like. But somehow that doesn’t apply in any other situation they come up with for increasing taxes to pay for their gambling govt spending addiction.

yhxqqsn on June 20, 2012 at 2:02 PM

These undertone ads are going to make me stop coming to the website.

p0s3r on June 20, 2012 at 2:09 PM

Or some become big through connections to government officials who are able to divert public money towards private companies. Or through pernicious licensing and regulation that effectively protect some large companies from upstarts and competition.

Of course, these methods don’t lead to a stable or prosperous future.

chimney sweep on June 20, 2012 at 1:26 PM

It’s a pity so few Americans realize how government is the enemy of a level playing field when it comes to business in America.

Wendya on June 20, 2012 at 2:12 PM

Attn. American Lefties: Your ideology has left the classroom and is now going full steam ahead in France. [...]

Pay close attention to how this all plays out.

visions on June 20, 2012 at 1:30 PM

.
They will consider any suppression of the business community as a victory for socialism, even if people are starving and freezing in the cold. They will simply protest to the EU on behalf of the New Muslim Majority of France, as victims.

ExpressoBold on June 20, 2012 at 2:15 PM

To a socialist, the solution to any economic failure is more of the same. If the French really want to screw themselves, they need only adjust the number of employees at which a business is taxed and regulated at a higher rate, currently set to 50. There are many more businesses of 49 employees than there are of 50 for this reason. Set the number to 40, and voila!, instant social justice.

Why not? It is such a French solution.

Aardvark on June 20, 2012 at 2:15 PM

That is right off the pages of Atlas Shrugged.

Here.We.GO.

MichaelGabriel on June 20, 2012 at 1:28 PM

It was translated into French as Le Greve so they should have no excuses.

Lost in Jersey on June 20, 2012 at 1:36 PM

-Ahem-

The Fatal Idea of Legal Plunder

But on the other hand, imagine that this fatal principle has been introduced: Under the pretense of organization, regulation, protection, or encouragement, the law takes property from one person and gives it to another; the law takes the wealth of all and gives it to a few — whether farmers, manufacturers, ship owners, artists, or comedians. Under these circumstances, then certainly every class will aspire to grasp the law, and logically so.

The excluded classes will furiously demand their right to vote — and will overthrow society rather than not to obtain it. Even beggars and vagabonds will then prove to you that they also have an incontestable title to vote. They will say to you:

“We cannot buy wine, tobacco, or salt without paying the tax. And a part of the tax that we pay is given by law — in privileges and subsidies — to men who are richer than we are. Others use the law to raise the prices of bread, meat, iron, or cloth. Thus, since everyone else uses the law for his own profit, we also would like to use the law for our own profit. We demand from the law the right to relief, which is the poor man’s plunder. To obtain this right, we also should be voters and legislators in order that we may organize Beggary on a grand scale for our own class, as you have organized Protection on a grand scale for your class. Now don’t tell us beggars that you will act for us, and then toss us, as Mr. Mimerel proposes, 600,000 francs to keep us quiet, like throwing us a bone to gnaw. We have other claims. And anyway, we wish to bargain for ourselves as other classes have bargained for themselves!”

And what can you say to answer that argument!

Frederic Bastiat, THE LAW (1850)

http://bastiat.org/en/the_law.html

ebrown2 on June 20, 2012 at 2:15 PM

France has become a Muslim nation. Pretty soon the whole country will be sand and poppy plants.

cajunpatriot on June 20, 2012 at 2:20 PM

Own it France not one dime

cmsinaz on June 20, 2012 at 2:21 PM

In life, we’ve all come across a person that is so inept and accident prone, he becomes the example of what not to do. If you’re smart, you’ll watch and observe and avoid the same mistakes.

It’s time to sit back and watch France fail with their “spend your way out of debt” mentality. If our illustrious space wasters in Washington watch, they may learn a valuble lesson. But, when all is said and done, I don’t think that will happen because there have been many examples that have gone before the French and our elected officials keep doing the same things.

iamsaved on June 20, 2012 at 2:22 PM

…are they going to start eating freedom fries?

KOOLAID2 on June 20, 2012 at 2:30 PM

Dear Europe,

We’ve saved your bacon twice.

There won’t be a third time.

You are all big boys and girls now. You can now learn your lesson the hard way: on your own.

ajacksonian on June 20, 2012 at 2:38 PM

But they’ll grow their way out of it by mandating that crepe makers make 30 euros per hour.

Soon to be 30 francs per hour.

NoDonkey on June 20, 2012 at 2:38 PM

When France collapses economically, I’m sure our own home-grown idiots Democrats will say “They just needed MORE time and MORE (of someone elses) money”.

GarandFan on June 20, 2012 at 2:40 PM

The government of President Francois Hollande, who was elected last month on pledges to fight unemployment and revive growth, is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.

How can anyone be this stupid?? I don’t get it.

Lowering unemployment and at the same time making it harder to fire people are completely opposite endeavours. If you make it harder to fire people, then businesses simply won’t hire people, which is exactly counter-productive to lowering unemployment.

It doesn’t take a rocket scientist or a Ph.D. in economics to figure that out. It’s basic friggin’ common sense… unless your name is Krugman or Hollande apparently.

gravityman on June 20, 2012 at 2:45 PM

France-the perfect mix of socialism and sharia law! can’t wait to see how this turns out

burserker on June 20, 2012 at 2:47 PM

As far as France goes, it seems the Mayan Calendar is correct.

NapaConservative on June 20, 2012 at 2:50 PM

This is all bull, everyone knows that taking 100% of everything makes business expand and citizens spend; Econ 101.

Why do you wing dings hate economics?

Bishop on June 20, 2012 at 2:53 PM

In life, we’ve all come across a person that is so inept and accident prone, he becomes the example of what not to do. If you’re smart, you’ll watch and observe and avoid the same mistakes.

It’s time to sit back and watch France fail with their “spend your way out of debt” mentality. If our illustrious space wasters in Washington watch, they may learn a valuble lesson. But, when all is said and done, I don’t think that will happen because there have been many examples that have gone before the French and our elected officials keep doing the same things.

iamsaved on June 20, 2012 at 2:22 PM

A wise man once said:

“A smart man learns from his mistakes, an even smarter man learns from other peoples mistakes”

Thre isn’t a single smart man in our current administration.

NapaConservative on June 20, 2012 at 2:53 PM

Sorry, s/b

Let them become Starnesvilles.

Schadenfreude on June 20, 2012 at 2:54 PM

I think it’s generally accepted amongst the left here and abroad that 10-20% real unemployment is not just acceptable but even somewhat desirable.

Blacklake on June 20, 2012 at 2:58 PM

These Europeans can’t help themselves.
It’s not in their psyche to have Teaparty DNA in them.

They’re used to being governed by Kings and Queens, for Christ sakes.

They’re like the Blacks of America…Handout City.

I wonder when the tipping point will happen for the Europeans, when their Cognac Party is birthed?

Don’t really care. They all loved Barky and hated Bush.
Now they have to worry about protecting themselves militarily. heh

Typicalwhitewoman on June 20, 2012 at 3:11 PM

Look on the bright side – with hollande and his socialist extremist parliament, france’s economy will quickly and catastrophically collapse and take the rest of the euro-trash socialist union with it down the toilet (if Greece and Spain don’t do it first). Then all Americans will, hopefully, be shocked well beyond the effects of socialism’s failure in the programs of the OBOZO regime to see the magnitude of the ultimate, disastrous results of socialist extremism. That should be fear enough to get an overwhelming majority to turn away from ALL of the policies of the US d-cRAT socialist extremists and restore America to its capitalist / free enterprise, conservative roots.

TeaPartyNation on June 20, 2012 at 3:12 PM

I think it’s generally accepted amongst the left here and abroad that 10-20% real unemployment is not just acceptable but even somewhat desirable.

Blacklake on June 20, 2012 at 2:58 PM

Well, of course it is. That way there is always a reliable supply of drones around to use for street protests.

dissent555 on June 20, 2012 at 3:34 PM

Sí se puede!

Oui nous peut!

BacaDog on June 20, 2012 at 1:37 PM

I believe the 1st person plural of “pouvoir” is pouvons.

dissent555 on June 20, 2012 at 3:38 PM

Our friend Bishop was “first” in many threads.

In his honor, if you are the first poster, rather than saying “first!” you say “Bishop”!

BacaDog on June 20, 2012 at 1:43 PM

Ah. Gotcha.

Red Cloud on June 20, 2012 at 3:54 PM

Maybe Gov Perry will head to France to get businesses to move to TX. They do have Nieman Marcus in Dallas for the base of fashion big spenders : )

1bunny on June 20, 2012 at 3:56 PM

The liberal answer to the forest fire of debt is always more gasoline.

MaiDee on June 20, 2012 at 3:57 PM

Does the French government really not think that businesses are going to pass the costs down to consumers so that their profits don’t take a dip and alarm investors?

This is why socialism fails every single time.

Or succeeds, really. – mintycrys on June 20, 2012 at 1:31 PM

If that happens the French government will probably make it illegal. It appears that only the Germans are the people in Europe who really want to work for a living. The remainder want to go on the dole.

SC.Charlie on June 20, 2012 at 4:11 PM

Socialist governments build the foundations for the communist governments to erect the wall on.

Gotta prevent the peasants from escaping you know.

NapaConservative on June 20, 2012 at 4:28 PM

The business rapings will continue until the business climate improves!

New French slogan: “75% top tax rate – because, there’s a point at which you’ve made enough money.”

Marcola on June 20, 2012 at 4:29 PM

Part of President Hollande’s campaign platform was a promise of higher taxes on the wealthy…

It’s going to be fun when the useful idiots in France find out that under socialism/communism THEY are the “wealthy”.

RJL on June 20, 2012 at 4:35 PM

If they stay in France they get what they deserve.

New French slogan: “75% top tax rate – because, there’s a point at which you’ve made enough money.”

Marcola on June 20, 2012 at 4:29 PM

Which is why the wealthy French moved their money just before Hollande got elected. Now they will have to flee to avoid socialist persecution.

We get to see France play out what Obama wants to do.

dogsoldier on June 20, 2012 at 4:43 PM

Next: “Katie, bar the door!”

mojo on June 20, 2012 at 4:52 PM

We get to see France play out what Obama wants to do.

dogsoldier on June 20, 2012 at 4:43 PM

Including the muslim population explosion.

NapaConservative on June 20, 2012 at 4:56 PM

If that happens the French government will probably make it illegal. It appears that only the Germans are the people in Europe who really want to work for a living. The remainder want to go on the dole.

SC.Charlie on June 20, 2012 at 4:11 PM

Your post made me realize what the French strategy actually is here.

The French must have decided that the one sure way to ensure that the Germans never again invade French soil is to make France such an undesirable armpit of a country that the Germans would never again want to invade it.

:)

gravityman on June 20, 2012 at 5:48 PM

It is going to be unimaginably fun watching the nitwit French immolate themselves. Adieu!

Jaibones on June 20, 2012 at 5:59 PM

I read this article yesterday and was shocked to read that one of the rich people interviewed was “fine” with the 50% tax but horrified at the 75% tax. I am horrified that he was fine with the 50% tax. Zowie.

karenhasfreedom on June 20, 2012 at 2:01 PM

See Glenn Beck, noted murderer of frogs, for demonstration. :)

Axe on June 20, 2012 at 6:28 PM

They deserve whatever economic ills befall them.

As this post in The Green Room indicates, anti-Semitism is epidemic in France.

http://hotair.com/greenroom/archives/2012/06/20/antisemitism-in-france-at-crisis-level-govt-wont-prosecute-offending-muslims/comment-page-1/#comment-112250

itsnotaboutme on June 20, 2012 at 1:20 PM

Looking for scapegoats is what unites anti-semitism and this tax-the-rich-to-death philosophy. France is declining rapidly.

Gladtobehere on June 20, 2012 at 6:55 PM

how soon will we see the french wall being built do to people and businesses fleeing in droves to escape the socialist french government’s policies.

Beastdogs on June 20, 2012 at 7:14 PM

General political wisdom prescribes that if you want to discourage a certain behavior, you can tax it. Why anyone thinks its a good idea to tax success at a higher rate than everyone else, I’ll never understand.

Sounds like you just endorsed the FairTax.

ceruleanblue on June 20, 2012 at 9:40 PM

….
They’re like the Blacks of America…Handout City.
…..
Typicalwhitewoman on June 20, 2012 at 3:11 PM

You’ve made a racist comment. So, No, You’re not a “typical white woman”.

tartan on June 21, 2012 at 9:44 AM

Why is the Champs Elyse lined with trees? Because the German army prefers to march in the shade.
Add this thread to the anti-semitism thread and it’s easy to see that the French are just continuing their long history of allowing themselves to be strangled – whether by Nazis, Muslims, or Socialists – all with their traditional arrogance about how much better they are than everyone else. As I’m part French-Canadian, I hate to say this – but the French deserve what they get.

dentarthurdent on June 20, 2012 at 1:23 PM

Though you might like to take credit for the joke about the Champs-Elysees, credit belongs to Tony Kornheiser. It’s his joke.
I’ve met French people who are not arrogant in the manner in which you describe. They appeared to me to be friendly and good natured people.

tartan on June 21, 2012 at 9:45 AM

Heightened uncertainty, further restrictions, increased entitlement spending… sounds like a recipe for economic growth if ever there was one!

Surely, we would never allow it.
Oh, wait….

tartan on June 21, 2012 at 9:46 AM

The government of President Francois Hollande,…is preparing to hike taxes on large companies and make firing workers more costly for employers to discourage layoffs.


What it actually discourages is hiring. After all, if you make it especially hard to fire someone, why take a chance hiring him in the first place? It then becomes a much better business decision to buy a machine and give it to someone you are already stuck with. After all, you can always “fire” a machine if things are not working out and if things get really desperate “firing” one man and one machine is half as expensive as firing two men.

Fred 2 on June 20, 2012 at 1:49 PM

A good prediction of the likely consequence of the policy and a depressing one as well.

tartan on June 21, 2012 at 9:49 AM

Though you might like to take credit for the joke about the Champs-Elysees, credit belongs to Tony Kornheiser. It’s his joke.
I’ve met French people who are not arrogant in the manner in which you describe. They appeared to me to be friendly and good natured people.

tartan on June 21, 2012 at 9:45 AM

I didn’t claim credit for the joke – just passing it along. I also doubt it’s originally Kornheiser’s joke either as it’s been floating around for many many years.

I’ve also met Germans who are not militaristic Nazis, Muslims who don’t want to blow themselves up, Poles who are not stupid, and Mexicans who are not illegal immigrants, and on and on. So what?

dentarthurdent on June 21, 2012 at 10:58 AM