{"id":7285,"date":"2012-10-06T10:56:03","date_gmt":"2012-10-06T17:56:03","guid":{"rendered":"http:\/\/amicuscuria.com\/wordpress\/?p=7285"},"modified":"2012-10-09T08:17:29","modified_gmt":"2012-10-09T15:17:29","slug":"eat-the-rich-tax-the-poor","status":"publish","type":"post","link":"http:\/\/amicuscuria.com\/wordpress\/eat-the-rich-tax-the-poor\/","title":{"rendered":"French Tax the Rich, Eat the Poor"},"content":{"rendered":"
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[Editor’s Note: Having elected to pursue the U.S. $trategy for wealth & happiness, French government officials have opted to eat their children by building more prisons (a ‘growth’ industry) to evade a recession.<\/em>]<\/h3>\n

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” – Frederic Bastiat<\/em><\/p>\n

France’s ‘Toughest’ Budget: Super Tax on the Super Rich<\/h2>\n<\/div>\n

New budget released Friday has 75% tax on millionaires, still commits to spending cuts \u00a0– Common Dreams staff<\/em>–<\/h3>\n
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Camel through the Eye of a Needle<\/p><\/div>\n

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France unveiled on Friday what it describes as its toughest budget ever, which includes a 75% tax on millionaires [and “more prisons<\/strong>“] in an attempt to tackle its deficit.<\/p>\n

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France unveiled on Friday a new budget that includes a 75% tax on millionaires. (photo: badlyricpolice via Flickr) “It’s a combat budget to fight against a debt that only continues to increase and that rests on the shoulders of French taxpayers and generations to come,” Prime Minister Jean-Marc Ayrault said Friday morning.<\/p>\n

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Let Them Eat Pork<\/p><\/div>\n

The\u00a0Guardian<\/em>\u00a0notes<\/a>\u00a0that the new “suptertax,” a two-year 75% tax rate on earned income for people earning more than \u20ac1m a year, “is expected to hit only 2,000 taxpayers. A new 45% income tax band is to be introduced for those earning more than \u20ac150,000 a year.”<\/p>\n

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A man who steals a goose from the commons is arrested<\/p><\/div>\n

“We’re asking the wealthiest taxpayers to make an effort,” Ayrault added after a cabinet meeting. “As for companies, we’re bringing back justice. CAC-40 firms pay less taxes than small companies\u2026now we’re asking them to contribute.”<\/p>\n

But the budget also includes austerity measures for France’s middle class.\u00a0 CNN\u00a0reports<\/a>\u00a0that “A third of the savings will come from cuts to public spending.”\u00a0 The BBC\u00a0notes<\/a>\u00a0that the cuts to public spending are set to increase:\u00a0 “While the cuts in 2013 will be two-thirds comprised of tax increases and one-third from spending cuts, the government said that from 2014 it would be divided equally.”<\/p>\n

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Key to Success<\/p><\/div>\n

The\u00a0Guardian<\/em>\u00a0adds that the budget also “commits the government to an austerity program that will be unpopular with leftwingers in the party, at a time when unemployment is rising and the economy teeters on the brink of recession.” Economist Nouriel Roubini\u00a0remarked<\/a>\u00a0that President “Hollande was not elected by his base to pursue austerity and reforms, but rather to boost growth and hiring in the public sector.”<\/p>\n

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Did you hear someone knocking?<\/p><\/div>\n

The government’s goal to cut the annual deficit to the eurozone limit of 3% of GDP next year won’t come without growth, Pierre Laurent, national secretary of the French Communist party, says, and\u00a0adds<\/a>\u00a0that “the budget will rather worsen the situation, because we know that the current austerity recipe is pushing the economy into a recession.”<\/p>\n

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On Holiday…every day<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

[Editor’s Note: Having elected to pursue the U.S. $trategy for wealth & happiness, French government officials have opted to eat their children by building more prisons (a ‘growth’ industry) to evade a recession.] “When plunder becomes a way of life … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7285","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/posts\/7285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/comments?post=7285"}],"version-history":[{"count":13,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/posts\/7285\/revisions"}],"predecessor-version":[{"id":7322,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/posts\/7285\/revisions\/7322"}],"wp:attachment":[{"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/media?parent=7285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/categories?post=7285"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/amicuscuria.com\/wordpress\/wp-json\/wp\/v2\/tags?post=7285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}