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How to solve our problems
It looks like France is going to get some use out of their idle rich. They are going to tax them at 75% of their income. Keep an eye on France to see what happens. www.ft.com
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I cant wait
to see this. I think it will be disastrous. Its wrong also.
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The wealthy French are already beating a hasty retreat to other countries. It's just like the wealthy in California, New York, and New Jersey... can't get out of there fast enough! They take their companies and jobs with them. (of course, that means taxes) When Tigar Woods left California and moved to Florida, he saved $4 million in taxes. Coincidentally, that is how much he paid for his mansion down there. By moving to Florida, he got a $4 million mansion for free. Does anybody else see how this works?
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We shall see. The rich will not move anywhere they can not make money.
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Is it ethical to take 75% of anybody's income?
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Just as ethical as 38%.
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