Originally Posted by Smiling Assassin27
Farnce just jacked tax rates on the 'ultra rich' to as high as 75% to cure their debt woes. Pay attention to what happens in France in the next 3-9 years if this policy remains in place. It is temporary (but when is a tax EVER really temporary?), but the short term results will be easy to predict and most will just close their eyes and ignore them.
Watch the brain and income drain commence. I hope Belgium is ready for the influx of new residents coming from France in the upcoming years. Oh, and with them will go the projected revenue that went along with implementing this moronic policy in the first place. Whom will the faux-99% blame for their problems, then?
Narrow the deficit by a whooping 1.5%.
Cut spending to match that and you might have something worthwhile.
Morons. The rich will just not take salary as money but in stock options and companies like airbuss will move more operations to off shore factories.
The socialist just do not get it.