Surpise! The new French president is another fake Socialist.

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Oh yeah. He has no intention of living a socialist existance. Socialist my arse.

http://www.thisislondon.co.uk/news/world/socialist-hollande-owns-three-homes-on-the-riviera-7737519.html

rigel1's picture
rigel1
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Jan. 31, 2011 7:49 am

Comments

Again, you don't have to be poor to be a socialist. You can be rich and believe in things like the post office, the police department and fire department and sharing the commons with everyone regardless of who you are.

He does however sound like a big assed hypocrite to me. Just my opinion.

Bush_Wacker's picture
Bush_Wacker
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Jun. 25, 2011 7:53 am

From the piece you pointed to rigel1.

He intends to set a top tax rate of 75 per cent, and to increase France’s wealth tax — moves which have already seen rich people threatening to leave the country and move abroad including to London.

Meanwhile, Mr Hollande wants to pour public money into France’s public services, creating thousands of jobs.

He has also threatened to block the eurozone’s new financial treaty unless Germany agrees to renegotiate its stringent austerity measures.

Mr Hollande wants the treaty, seen as crucial to ensuring the survival of the single currency, to focus more on encouraging growth.

Benoit Hamon, spokesman for Hollande’s Socialist Party, said the “politics of austerity” were failing to improve Europe’s financial crisis.

He said Mr Hollande would win a “trial of strength” over the fiscal pact, aimed at imposing budgetary discipline on the 25 EU countries signed up to it.

bamboo's picture
bamboo
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Jul. 31, 2007 4:01 pm
Quote bamboo:

He intends to set a top tax rate of 75 per cent,

Any tax rate above 50% is slavery and as thus inherently immoral.

When a man wakes up in the morning, slugs down some coffee and goes about making his family, his kids, his societies, and his own life better by being a productive member and actually working instead of smoking bongs on the couch, he is entitled to feel ripped off when Big Brother decides to confiscate more than HALF of what he produces in that day!

He has every right to ask, who is it I get up for to go to work? Is it for me or my family?

Or is it for someone I have never met?

And that someone else whom I have never met who is in the privileged government "power" class has decided that what I produce should be given to his or her favorite constituants?

Calperson's picture
Calperson
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Dec. 11, 2010 10:21 am
Quote Bush_Wacker:

Again, you don't have to be poor to be a socialist. You can be rich and believe in things like the post office, the police department and fire department and sharing the commons with everyone regardless of who you are.

He does however sound like a big assed hypocrite to me. Just my opinion.

But capitalism brings individual wealth. Socialism is goverment mandated "fairness." It's like the Hollywood types who claim they despise capitalism yet made their fortunes by using it. He's a capitalist. That is how he got rich.

rigel1's picture
rigel1
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Jan. 31, 2011 7:49 am

calperson,

Your comment and your level of understanding indicates that you are a wage slave. You are not affected only your master is, the one that owns you and owns the fruits of your labor.

bamboo's picture
bamboo
Joined:
Jul. 31, 2007 4:01 pm

Cal, this is a harsh statement, but it is real. If you are in the marginal tax bracket you do not produce anything. Period. You take. Period. This is not literally true, as the marginal tax bracket (35% on income over $373,000) places some people like surgical specialists (maybe, after deducting legitimate expenses such as malpractice insurance) in the same bracket as (Paris) Hilton, Romney, Gates, Buffett, Forbes and Ellison (Larry, not Harlan).

On the other hand, when comparing tax rates across the world your argument morphs - Canada has a lower marginal tax rate, and it kicks in earlier (29% at $129,000) as does New Zealand (33% over $70,000) The Netherlands goes a different way. Their tax system sounds complicated, but results in a flat tax of 52%, but if your after deductions income is less than 0 you get a rebate of up to 2000 EU. (note also that the minimum wage in the Netherlands is $23,000 a year, compared to $15,000 in the US, and the tax revenue that goes to pay for the national health would equal either $7000 or $12,000 in the US. (depending on whether you mean by their prices or ours) This is not uncommon for "Western" Europe, where all nations except Spain and Portugal have either a higher minimum wage than the US, or no minimum wage, but mandatory collective bargaining.)

To illustrate the value of a high minimum wage: I estimate my net worth at $300,000, not counting the value of my taxi permit (which was a gift from what I consider political corruption) I am 55 years old. The first year my personal income exceeded $23,000 I was 43. The first year it exceeded $32,000 I was 53. If I retire at 62, barring another 2007 style meltdown, my total wealth will be close to half a million and my total life's wages will be about what it would have been if I had made the Dutch minimum wage all my life. In fact, since my real life income will be heavily back loaded, if I had made the Dutch minimum wage all my life I would have saved more and made more investment income.

And then there is the devil in the 600 pound detail - Though the US has high tax rates, it has relatively low tax collections. There are two basic causes for this: the huge number of poor (about 25% of Americans are retired and living on nothing but Social Security - too little to be taxed, and about 25% make less than the minimum taxable amount (about $6000 per family member - you'd be surprised; it's about $23,000 for a family of four, and then there's the mortgage deduction... note that the phrase "no federal income taxes" does not include FICA) and the enormous number and scope of tax evasions legal and otherwise by corporations and the extremely rich. According to the Heritage Foundation (me quoting them - blame Wikipedia) the US effective tax rate ("all sources") is 26.9%. The UK 39% Switzerland 29.4% Norway 43.6% New Zealand 34.5% The Netherlands 39.8% Mexico 29.7% South Korea 26.8% Germany 40.6%

Then again, if you add the 17% that we pay for private health insurance that is included in the UK etc figures you get 44% (not accurate because I don't know what percent of GDP the government pays in Medicare/Medicaid) placing us in about the European area in costs without the European value - in other words, our government costs us about as much, but gives us less in return.

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doh1304
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