France - Hollande

[[WDW]Megaraptor]

So basically you fail to implement tax cuts at home (making sure the global economy is at risk) yet the French are to be blamed for the state of the global economy? Where is the logic n that? Marvelous Brave New World.

US economy is not linked to the Eurozone. Big difference there.

[KoTeMoRe]

US economy is not linked to the Eurozone. Big difference there.

European voters are going to screw the rest of the world in a doomed attempt to defy all math and macroeconomic logic and and save their entitlement programs.

So lemme guess, the Eurozone (that BTW is BY FAR in a better economical shape than the US and potentially easier to defend from a protectionist POV) screws it for the Rest of the World, by having a 66 million strong economy have a couple of billion euros more debt. But the instigators of the Subprime bubble, printing monkey money to pay for their extravaganza are not linked to the World Economy and the Eurozone? Who the fvck do you think pays for the US bonds when the US Government sells them?

40+% of your debt is owned by EU countries and financial institutions be that directly of through derivative Financial Products. Do you see the connection? Oh yeah, no one is forcing us to buy your debt. Right, just be careful for what you wish, then.

[FlintHillBilly]

US economy is not linked to the Eurozone. Big difference there.

If the Eurozone burps, hits a speed bump, or fails. We will definitely feel it.

[KurtyKat]

I hope Hollande wins and delivers a blow the take over of Europe by Germany.

Believe me, that is the least of German interests. We would be a much much richer country if we would not have to put an endless flood of money in for loser-Countries. But - as we say in German, "Undank ist der Welten Lohn" (ingratitude is what the world gives you back)....

Now back 2 topic....

[KurtyKat]

You need to lay off the prescription medication. It will rot your brain.

Yes my friend - refer to polemics once you run out of arguments! Very well done.....

[KoTeMoRe]

Believe me, that is the least of German interests. We would be a much much richer country if we would not have to put an endless flood of money in for loser-Countries. But - as we say in German, "Undank ist der Welten Lohn" (ingratitude is what the world gives you back)....

Now back 2 topic....

You do not say?

[G-AWZT]

I guarantee Hollande if he sticks to his Socialist scheme will be a big negative for France. But hey I'm not French so I won't have to worry about paying 75% tax.

[KoTeMoRe]

I guarantee Hollande if he sticks to his Socialist scheme will be a big negative for France. But hey I'm not French so I won't have to worry about paying 75% tax.

... And what is his Socialist scheme? Do you have any idea about the whole 75% deal? Or is it just random number tossing?

[G-AWZT]

... And what is his Socialist scheme? Do you have any idea about the whole 75% deal? Or is it just random number tossing?

http://online.barrons.com/article/SB...044089648.html



75% tax on the rich. Increased spending, increase debt, and buh bye to austerity measures.

[Universals]

I heard Hollande proposed a 75% tax on folks making over 1 million Euros. That sounds outrageous...is there any truth to that? or is that even possible?

EDIT: never mind, plenty of discussion on it already on this thread.

[Universals]

I guarantee Hollande if he sticks to his Socialist scheme will be a big negative for France. But hey I'm not French so I won't have to worry about paying 75% tax.

Show your million Euro bank statement or else!

[HK in AK]

During World War II the tax rate on Americans that were high income earners was up to 95 percent. So it is possible. In this case, if Hollande is elected, he will need to the approval of the National Assembly.

[Universals]

During World War II the tax rate on Americans that were high income earners was up to 95 percent. So it is possible. In this case, if Hollande is elected, he will need to the approval of the National Assembly.

let me understand this a bit, is it a graduated tax rate? cos if a 1 million earner gets to keep 250k, and 900k earner is at a much lower tax rate then, then the 900k earner might end up keeping much more money after taxes.

[bve]

taxes are gratuated

income is divided in "tranches": for example the first tranche of 0 to 1000 euros per month is tax-free. So: you earn 1000, you keep 1000. Then (false numbers but simple example) from 1000 to 2000 it's 10%. So if you earn 2000 you keep 1000 (first tranche) + 90% of 1000 = 1900.

The 75% tranche is waayyy from what ordinary people earn. And whatever you earn below 1Meuro is still taxed liked everyone else. (if you earn 1,000,001 euro, it's only the last 1 euro that's taxed at 75%)

[Universals]

League 1, will suffer if it takes hold, all those players flocking to PSG for big payday will start looking elsewhere. 75% tax rate is quite steep. Russian league will start looking a bit more attractive at 13% tax rate.