France Gives "Fairness Doctrine" Details; Will Tax Millionaires At 75%

[Roland99]

http://www.zerohedge.com/news/france-gives-fairness-doctrine-details-will-tax-millionaires-75

With the Great June Socialist Revolution spilling over into July, here are some details as they become available from France:

FRANCE TO HAVE NEW TAX RATE OF 45% FOR WEALTHY
FRANCE TO TAX INCOME OF MORE THAN EU1 MLN AT 75%, AYRAULT SAYS
FRANCE TO TAX CAPITAL INCOME AT SAME LEVEL AS WAGES
FRANCE TO RAISE TAXES FOR LARGE COMPANIES, BANKS, OIL FIRMS

But... FRANCE TO ANNUL PLANNED VAT INCREASE PLANNED BY SARKOZY

After all, it's only fair. In other news, we are rotating our secular long thesis away from Belgian caterers and into tax offshoring advisors, now that nobody in the 1% will pay any taxes ever again.

The good news is that with the entire world set to adopt 100%+ taxes on "wealthy" individuals as defined arbitrarily by Ph.Ds, there will be no place to hide. Which incidentally is just the first step toward what we warned back in September 2011 will happen: a 30% tax on all financial assets. Everywhere.

[russspeakeasy]

1. WOW ..

[no_hypocrisy]

2. Vive La France!

[hedgehog]

5. One good song deserves another

&feature=related

[aint_no_life_nowhere]

10. Marianne, the female symbol of France, leading her revolutionaries

Marianne is kind of the French counterpart to Columbia, the American goddess of liberty.

[Ganja Ninja]

3. Wouldn't it be ironic if all the money the wealthy have poured into political bribery ...

ended up in causing a backlash like this over here.

[Ichingcarpenter]

4. Fucking Socialist Government .... now the economy will no longer trinkle down.

think of the job creators for god's sake!!!!

[freshwest]

8. Gawd! Think of the suffering. But it could be worse:

What a catchy tune! Love it!

[The Wielding Truth]

13. Spell this put to me. Is it a sarcastic reference to RW the meaning of socialism?

[freshwest]

16. Nah, I don't do sarcasm unless I include an icon. Just saying they're not CP yet.

And the RW doesn't know the meaning of socialism, communism, communalism, capitalism, totalitarianism, fascism or any number of 'ism's. They simply regurgitate their latest fill of RW swill from media. They seem insufficiently informed to debate systems of government and economic models, and cross their fingers in front of their face to make the sign of the cross to protect them from the evil one. While running straight into the ditch with the real killers they elect into office.

[redqueen]

6. K&R

[hifiguy]

7. I salute President Hollande and the French people.

This is how it's done, fellow Democrats.

[Comrade_McKenzie]

9. This is what should've been done here a long time ago...

But all those temporary poor people keep voting in the wrong candidates.

[yellowcanine]

11. Why are you quoting and linking to a right wing goldbug survivalist site?

Surely if this is a legitimate story there would be a more unbiased source for it?

[aquart]

12. Put away the guillotine, Marianne.

They won't be needing it today.

Keep it oiled.

[Ship of Fools]

14. Oh to be in Paris in the springtime.

[lpbk2713]

15. That's enough to give our RWingnuts palpitations.

[tpsbmam]

17. Total bullshit from a reich wing site.....I just searched

HuffPo, the NY Times, WaPo, the LA Times and Google......nothing. The ONLY thing that comes up for that is this reich wing website and other blogs that have quoted it (including DU).

I call total reich wing bullshit.