NYT: Sarkozy Loss in France Could Mean Higher Taxes on the Rich in the United States?
New York Times Paris bureau chief Steven Erlanger sees French president Nicolas Sarkozy on the ropes in his re-election bid in his Friday front-page dispatch, and strangely foresees possible consequences for the United States in the form of higher taxes: "With Vote Days Away, Outlook for Sarkozy Dims."
Working to [Sarkozy's Socialist opponent Francois Hollande's] advantage is the fact that the public has tired of the grim business of budget cutting and is yearning for a different approach. Mr. Hollande is providing that, in the form of higher taxes on the rich, more state spending and an assault on inequality, themes that could conceivably reverberate beyond the Continent in subsequent years, particularly if they succeed.
Growing inequality has become a hot-button topic across Europe, and if Mr. Hollande were to win, the move to impose higher taxes on the wealthy could get a boost elsewhere, even in the United States, where President Obama has already promoted the so-called Buffett Rule to impose a minimum tax rate on incomes in excess of $1 million a year.
Really?
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What a Sarkozy loss will mean
Submitted by Unsane on Sat, 04/21/2012 - 10:16am.
It will mean a new Eurozone crisis.
ESPECIALLY if the victor (either after rounds 1 or 2) is Francois Hollande. He is a Socialist who, it is reported, hates rich people with a passion (shocking, I know). He wants to hit them all with a 75% tax rate, and thinks that France has a Barrel of Endless Money for him to spend.
Some very serious problems with this:
1) France's unemployment rate hasn't headed below 8% since the early 1980s. If you are young, good luck finding work. The Socialist National Assembly back in the late 1990s decided, in typical central planner fashion, the best way to lower the unemployment rate was to introduce a 35-hour work week. It will force employers to hire more people, or so it was reasoned. Didn't happen; and all employers did was focus on making their current employees more productive.
2) Do you seriously think those evil rich, successful people are going to simply pay a 75% tax rate?
3) France, IIRC, already has a debt which equals its GDP. They have seen their credit rating slip. And what does Hollande want to do? Why, spend as if there is no tomorrow.
Watch another Eurozone crisis occur if he gets the Presidency of France. It will be more severe because France is the world's sixth largest economy and is at the "core" of the Eurozone".
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
It's all there in Shakespeare
Submitted by russedav on Sat, 04/21/2012 - 1:53pm.
As Puck said to Oberon in Act 3, Scene 2 of A Midsummer Night's Dream, "Lord, what fools these mortals be!" (www.bartleby.com/70/1832.html) Both French and American lazy bum fools poised to plunge down the deranged socialist toilet full of and overflowing sh it, like the similarly effeminate UK did with Atlee, throwing out Winston, even before WWII was over! As our Founders promised, only God can save us from such degeneracy, He on Whom we've fatally turned our backs, like in the GOP fools suicidally even considering vile wacko Mor(m)on Romney (exposed by www.renewamerica.com) the Founders would have executed, proving those pretending to be "conservatives" to be ignorant, historically and Biblically illiterate fools who only pretend to agree with the Founders, in reality getting ready for Mitt Obama Jr if, God forbid, he takes office and starts carrying out his abortion and sodomy agenda that will rival Obama's like his Romneycare did Obamacare. What fools.
That's a mighty big "if."
Submitted by CobraMan on Sat, 04/21/2012 - 3:10pm.
"Mr. Hollande is providing that, in the form of higher taxes on the rich, more state spending and an assault on inequality, themes that could conceivably reverberate beyond the Continent in subsequent years, particularly if they succeed."
That's a mighty big "if," considering this approach failed the last time it was tried (and the time before that, and the time before that), a failure that led to the "cuts" and Mr. Sarkozy's election to begin with. But, hay, Frenchmen, keep tossing those rocks at the Moon. Who knows, you just may hit it someday!
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