Le tax fairness
In other words, a household with two people earning a little under €1 million would not be subject to the tax, while an individual making even a dollar more than €1 million would have to pay. So while it is fair to take 75% of what someone earns, it isn’t fair unless the law confiscates 75% from all rich households equally. Come to think of it, that sort of social and economic leveling was the point of the French Revolution.
Alas, no government heads are likely to roll after the narrow ruling, which Prime Minister Jean-Marc Ayrault quickly dismissed as a mere inconvenience on the road to true tax equity. He said the government will merely change some details to accommodate the ruling, and the “exceptional contribution,” as the 75% rate is known, will return to confiscate again. So in the end the court ruling may only mean that the 75% rate will apply to even more French citoyens than the 1,500 or so originally anticipated.











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Ok, NOW we can be more like France.
NoFanofLibs on December 31, 2012 at 10:56 AM
So what? In less than a year France will be a paradise, the new world leader in pretty much everything and all thanks to a new and innovative economic system that has never been tried before.
Bishop on December 31, 2012 at 11:01 AM
A 75% flat tax?
I think somewhere Paul Krugman just had an inexplicable orgasm.
Valkyriepundit on December 31, 2012 at 11:08 AM
If a thief cannot enter through a door, he will try a window.
OldEnglish on December 31, 2012 at 11:15 AM
And it will still not be enough. There is never enough.
Revenant on December 31, 2012 at 11:41 AM
C’mon now, I thought everyone knew that “Fairness” is just a code word for burglarizing rich people. I guess somebody didn’t get the message.
forest on December 31, 2012 at 12:08 PM
The problem with socialism is that eventually you run out of other people’s money.
-Margaret Thatcher
Odysseus on December 31, 2012 at 12:50 PM