Originally Posted by mhgaffney
The contraction has nothing to do with taxing the rich. It has to do with 30 years of failed neo liberal economics.
It just does not work. In fact, it's been a disaster for every nation that's embraced it, even here in the belly of the beast.
You are right. Raising the "taxes" on the rich, only allows the government to justify the egregious taxes collected against the middle class. The France median income tax rate is over 50%, and is the 3rd highest in the world.
This bit of news, is just more failing policy in a long line of failed policy. For them it's always "rich" vs. "poor", as they widen the divide between the have's and the have nots by printing money. Their wealth redistribution policies depress economic activity, and cannot be paid for.
Maybe one day the average citizen will wake up and realize what's happening.