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(Independent)   French presidential candidate whose ideas include a 100% tax on all income above €360,000 receiving surprising levels of support. Meanwhile in America, debate continues over whether it's possible to raise taxes on people with no money   (independent.co.uk) divider line 168
    More: Cool, presidential candidate, incomes  
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1612 clicks; posted to Politics » on 02 Apr 2012 at 12:43 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-02 04:02:36 AM
possible to raise taxes on people with no money

If by "raise taxes" you mean charge jail inmates (the vast majority of whom are lower income) for their stay, then yes (new window).
 
2012-04-02 05:35:47 AM
Cool, Commiemitter? No, not cool. Not that those making more shouldn't get higher taxes on the upper portion of their income, but really, 100% tax above a certain level? As in the government says, "Sorry, but we're going to take every penny you make above a certain level of income"? What kind of crap is that? Who the hell are you or anyone else to say what kind of arbitrary upper limit there should be on a person's income?

Not to mention a lot of people with a lot of money would pack up and move out of the country in no time flat.
 
2012-04-02 07:26:17 AM
In unrelated news, the same candidate has quietly invested in luxury housing developments in Monoco....
 
2012-04-02 08:36:36 AM
But let's return to talking about how Obama is a Communist for saying taxes above 250,000 should go back up 3%.
 
2012-04-02 08:56:59 AM
Speaking as an utter libtard, it's a terrible idea to raise taxes to 100% of any particular income bracket. People aren't above spiting their governments, and a 100% tax would make it very attractive for people to never earn a single cent over the line. Meaning, no usable tax revenue could ever come of such a tax scheme.
 
2012-04-02 09:08:42 AM

hillbillypharmacist: Meaning, no usable tax revenue could ever come of such a tax scheme.


But, even if no one makes that much, the government still gets 100%!

It can't fail!
 
2012-04-02 09:46:12 AM
This should work splendidly in a country right next door to Switzerland.
 
2012-04-02 10:10:05 AM
I want to make an image that has the US distribution of wealth and is captioned:

"Who makes too much money?"

Then it has an arrow to the bottom two brackets and says

"These f*ckers"
 
2012-04-02 10:16:16 AM
In effect saying, grow the economy with your money, or we will grow the economy with your money.
 
2012-04-02 10:24:51 AM
 
2012-04-02 10:57:26 AM

hillbillypharmacist: Rev.K:

[i291.photobucket.com image 432x432]


HAHA!! Perfect!!
 
2012-04-02 12:44:51 PM

Durendal: Cool, Commiemitter? No, not cool. Not that those making more shouldn't get higher taxes on the upper portion of their income, but really, 100% tax above a certain level? As in the government says, "Sorry, but we're going to take every penny you make above a certain level of income"? What kind of crap is that? Who the hell are you or anyone else to say what kind of arbitrary upper limit there should be on a person's income?

Not to mention a lot of people with a lot of money would pack up and move out of the country in no time flat.


When we were at >90% tax rate on the very rich under Eisenhower, you didn't see people packing up and moving out of the country in no time flat.

hillbillypharmacist: People aren't above spiting their governments, and a 100% tax would make it very attractive for people to never earn a single cent over the line.


People aren't above spiting their competitors, either. Plenty of ultra-rich business people haven't been in it for the extra cash for quite a long time. They're in it just to win. If they can steal some customers away from a competitor who's turning away business for fear of going above the income tax line, they'll happily do so.

Let it be said that I'm not in favor of a 100% tax rate on anyone. However, it wouldn't bring about doom and gloom. It'd just result in a lot of creative accounting and compensation packages.
 
2012-04-02 12:47:06 PM
Republicans don't really want to raise taxes on the poor. That is just their bargaining point in order to win deeper tax cuts on the very very wealthy.
 
2012-04-02 12:48:28 PM
I would say the french are just more susceptable to the derp that is economic populism.
 
2012-04-02 12:49:00 PM

SchlingFocker: Let it be said that I'm not in favor of a 100% tax rate on anyone.


Neither is the French candidate who is the subject of this article.
 
2012-04-02 12:49:02 PM
the levels of support are "surprising" presumably because it's a horrible farking idea
 
2012-04-02 12:49:17 PM

GAT_00: But let's return to talking about how Obama is a Communist for saying taxes above 250,000 should go back up 3%.


but but but that 3% of their 11xumpteen billions dollars could generate 12erp thousands of jobs! And it would trickle down!
/if only they had less regulation!
 
2012-04-02 12:49:32 PM
I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.
 
2012-04-02 12:51:33 PM

CPennypacker: I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.


What sort of jerk compromises? You sell out.
 
2012-04-02 12:52:55 PM

Zalan: In effect saying, grow the economy with your money, or we will grow the economy with your money.


When you put it like that, it seems like a better idea...

CPennypacker: I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.


Personally, I still think that the Buffett Rule would have worked. But good luck finding any solution that will pass with the Republicans in control of the house.
 
2012-04-02 12:53:34 PM
"French presidential candidate whose ideas include a 100% tax on all income above €360,000 receiving surprising levels of support."

So vote Republican.
 
2012-04-02 12:53:37 PM
It doesn't need to be 100%, but it needs to be way higher than it is now.

pooleandrosenthal.com
 
2012-04-02 12:53:48 PM
"Social justice" is a lie: all about taking from those who achieve, to give to those who do not. Ride them donkeys for all they're worth, livers.
 
2012-04-02 12:53:57 PM

CPennypacker: I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.


Oh you, with your common sense!
 
2012-04-02 12:54:02 PM

CPennypacker: I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.


What you mean there's a middle ground???? Sorry, but you have to leave FARK now. We only allow the most very extreme here.
 
2012-04-02 12:55:31 PM

Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.

[pooleandrosenthal.com image 640x437]


which of course will still keep the uber-wealthy paying far lower effective rates than the middle and upper middle classes
 
2012-04-02 12:56:06 PM
Cool? No, both the French candidate and the GOP are buttf*cking stupid
 
2012-04-02 12:56:47 PM
Yes, of course, the French are a great and mighty civilization that never surrenders when times are tough. This is why we should all follow their example.
 
2012-04-02 12:57:02 PM
The wealthy are going to have to figure out that if they can't agree tosomething equitable, eventually we'll just kill them and take ALL their stuff.

Not being wealthy, its a win-win for me.
 
2012-04-02 12:57:23 PM

Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.

[pooleandrosenthal.com image 640x437]


You do realize that it's not the marginal rate that counts, but the effective rate, right? And that, as far back as data has been collected, the effective rate on the top quintile has stayed pretty constant between 23.8 and 28%, right?
 
2012-04-02 12:57:50 PM
Is it really surprising that people not making €360,000 are all for it?
 
2012-04-02 12:58:21 PM

Millennium: "Social justice" is a lie: all about taking from those who achieve, to give to those who do not. Ride them donkeys for all they're worth, livers.


As a kidney, I resent that remark.
 
2012-04-02 12:58:23 PM
as a hardcore socialist libby lightfoot, this freaks me out a little. The French can do whatever, but alot of innovation comes out of sociopathic rich until the sun burns out kind of people.

//wants industries like healthcare fully regulated and paid for through taxes.
 
2012-04-02 12:59:33 PM
Surprising levels of support? Well subby, the population of other countries doesn't have the retarded notion that one day they will belong to the 1%.
 
2012-04-02 01:00:13 PM

Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.


It should be set to where it was when America was at her greatest during the 40's and 50's.
 
2012-04-02 01:00:23 PM

DeltaX: CPennypacker: I think that somewhere between "The rich should pay all of their money in taxes!" and "The rich should pay no taxes!" there is a solution that might actually, you know, work.

What you mean there's a middle ground???? Sorry, but you have to leave FARK now. We only allow the most very extreme here.


It's not so much a middle ground or a compromise as it is a "both you idiots are wrong because you're extremists"
 
2012-04-02 01:00:45 PM
Michelle Bachmann "even if they just pay $10" at least they pay something"
 
2012-04-02 01:01:26 PM

YoungSwedishBlonde: Cool? No, both the French candidate and the GOP are buttf*cking stupid


Concur. 100%? 0%? There's no benefit to either. I'd be happy with a 60% tax rate on the super-rich.

/that stuff trickling down?
//it's piss
 
2012-04-02 01:01:27 PM
The income that would be generated by a 100% tax is zero.

People would simply stop being paid above the threshold, and find other means of renumeration.
 
2012-04-02 01:01:45 PM

Muta: Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.

It should be set to where it was when America was at her greatest during the 40's and 50's.


yeah, because America was at her greatest because of the high marginal tax rates and not the fact that the manufacturing centers of the world except the US had been decimated by WWII
 
2012-04-02 01:02:43 PM

themindiswatching: possible to raise taxes on people with no money

If by "raise taxes" you mean charge jail inmates (the vast majority of whom are lower income) for their stay, then yes (new window).


Never understood the logic of this... Usually if you are in jail for any length of time, you lose any job you had, often your home, if you're a renter, and sometimes all your personal belongings. Then you get out, and on top of everything, get handed a bill that, if not paid, can actually get you thrown BACK into jail, costing you even MORE money, and so on...

Maybe if they quit putting people in jail for penny-ante bullshiat, this would make sense.
 
2012-04-02 01:02:44 PM

DirkValentine: as a hardcore socialist libby lightfoot, this freaks me out a little. The French can do whatever, but alot of innovation comes out of sociopathic rich until the sun burns out kind of people.

//wants industries like healthcare fully regulated and paid for through taxes.


What would alot of innovation look like?
 
2012-04-02 01:02:50 PM

The Shatner Incident: YoungSwedishBlonde: Cool? No, both the French candidate and the GOP are buttf*cking stupid

Concur. 100%? 0%? There's no benefit to either. I'd be happy with a 60% tax rate on the super-rich.

/that stuff trickling down?
//it's piss


My bad. That should have been 70%. Whoops.

/I gotta adjust my comment settings
//fail
 
2012-04-02 01:03:08 PM

DeltaX: Sorry, but you have to leave FARK the GOP now. We only allow the most very extreme here.


I know were you took that idea from.
 
2012-04-02 01:03:59 PM

skullkrusher: Muta: Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.

It should be set to where it was when America was at her greatest during the 40's and 50's.

yeah, because America was at her greatest because of the high marginal tax rates and not the fact that the manufacturing centers of the world except the US had been decimated by WWII


Then the US should decimate the manufacturing center of the world as well.
 
2012-04-02 01:04:12 PM

Millennium: "Social justice" is a lie: all about taking from those who achieve equate being wealthy with "achieving" something, no matter how they got their money, to give to those who do not. Ride them donkeys for all they're worth, livers.


FTFY

Truly honest rich people will tell you that they got wealthy by being in the right place at the right time. Dishonest rich people will tell you that they're rich because they worked hard and never gave up.
 
2012-04-02 01:04:21 PM
Don't tax you; don't tax me; tax that man behind the tree.
 
2012-04-02 01:04:32 PM

Muta: skullkrusher: Muta: Mike Chewbacca: It doesn't need to be 100%, but it needs to be way higher than it is now.

It should be set to where it was when America was at her greatest during the 40's and 50's.

yeah, because America was at her greatest because of the high marginal tax rates and not the fact that the manufacturing centers of the world except the US had been decimated by WWII

Then the US should decimate the manufacturing center of the world as well.


China? Good luck with that one.
 
2012-04-02 01:06:32 PM

Durendal: Not to mention a lot of people with a lot of money would pack up and move out of the country in no time flat.


So you're saying the fleas will find a new dog when this one's sucked to death?

Well,

farm4.staticflickr.com
 
2012-04-02 01:06:41 PM

lucksi: Well subby, the population of other countries doesn't have the retarded notion that one day they will belong to the 1%.


I am fine with that being one of the differences between the French and us. Innovation and an entrepreneurial spirit can make you better off. Even if it is delusional.
 
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