Tuesday, May 21, 2013

What Happens WhenYou Put A Socialist In Charge

You get an attempt to confiscate as much wealth as possible by the government. Fortunately for the French, the Constitutional Council has decided that a 66.66% marginal tax rate or higher on income over 1.2 million Euros, around 1.5 million Dollars, is confiscatory. I am sure that this will comfort the wealthy in France and bring the likes of Gerard Depardieu back from Belgium. Having their attempts at fleecing the evil nasty rich rebuffed, Hollande's government is turning their sights onto corporations. I can't what the downside of trying to implement a marginal tax rate above 75% would be for corporations. Whatever does happen I am sure, as the Captain always says, that it will be a feature, not a bug, of Socialism.

No comments:

Post a Comment

Disagreements and countervailing views are welcome, however, comments will be deleted if:

-They have emoticons.
-If it is obvious that you have not read the post.
-Obvious Spam, and it takes me about a quarter second to determine if it is spam since you all write your comments the same way.

About Me

My photo
Seattle resident whose real name is Kevin Daniels. This blog covers the following topics, libertarian philosophy, realpolitik, western culture, history and the pursuit of truth from the perspective of a libertarian traditionalist.