In a government. Surprise, surprise.
But not in America. {No surprise there}
It’s in France no less.
Embattled French President Francois Hollande suffered a fresh setback Saturday when France’s highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair.
In a stinging rebuke to one of Socialist Hollande’s flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over €1 million ($1.32 million).
The largely symbolic measure would have only hit a small number of taxpayers and brought in an estimated €100 million to €300 million — an insignificant amount in the context of France’s roughly €85 billion deficit.
Who’d a thunk it? The French, with a far-left SOCIALIST president (further left than Al-Obambi mind you), have the smarts to realize taxing the wealth ain’t gonna fix the problem.
Bravo French courts, bravo.
Notice: compact(): Undefined variable: limits in /home/sysop284/domains/spatulacitybbs.net/public_html/wp-includes/class-wp-comment-query.php on line 853
Notice: compact(): Undefined variable: groupby in /home/sysop284/domains/spatulacitybbs.net/public_html/wp-includes/class-wp-comment-query.php on line 853
Notice: Theme without comments.php is deprecated since version 3.0.0 with no alternative available. Please include a comments.php template in your theme. in /home/sysop284/domains/spatulacitybbs.net/public_html/wp-includes/functions.php on line 4027
Leave a Reply
You must be logged in to post a comment.