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(Bloomberg)   We will soon be spending like Greece, and taxing like France. What could POSSIBLY go wrong?   (bloomberg.com) divider line 236
    More: Dumbass, Greece, Frenchmen, wealth tax, French capital, ump party, dot com companies, peer pressures, capital gains taxes  
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1379 clicks; posted to Politics » on 04 Dec 2012 at 11:45 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-04 10:05:27 AM  
We? Article doesn't mention the U.S.
 
2012-12-04 10:09:14 AM  
LOL France! Those stupid losers and their best healthcare system in the world.

Who needs that?
 
2012-12-04 10:09:48 AM  
Headline tells me Subby doesn't know the first thing about why France and Greece are having issues. At least in the latter case, the wealthiest Greeks don't pay any taxes and there are no enforced penalties. They get taxed. They simply refuse to pay.
 
2012-12-04 10:11:20 AM  
Wouldn't that just sort of cancel out...?
 
2012-12-04 10:21:58 AM  
I hope it at least comes with the mediterranean diet. It would do wonders to American waistlines.
 
2012-12-04 10:25:31 AM  

Diogenes: Headline tells me Subby doesn't know the first thing about why France and Greece are having issues. At least in the latter case, the wealthiest Greeks don't pay any taxes and there are no enforced penalties. They get taxed. They simply refuse to pay.


That's unpossible. If nobody is paying any taxes, the Laffer Curve tells me that government revenues should be approaching infinity.
 
2012-12-04 10:35:08 AM  

Diogenes: Headline tells me Subby doesn't know the first thing about why France and Greece are having issues. At least in the latter case, the wealthiest Greeks don't pay any taxes and there are no enforced penalties. They get taxed. They simply refuse to pay.


The wealthy essentially aren't taxed there? They must have created ridiculous amounts of jobs by now. Greece should be the best employment opportunity in the world.
 
2012-12-04 10:43:15 AM  
No tax please, we're Greek

And here's a funny intersection of Greece, France, and not paying taxes:

IMF's Lagarde, Who Chided Greece for Tax Evasion, Doesn't Pay Taxes
 
2012-12-04 10:43:16 AM  

Cythraul: Diogenes: Headline tells me Subby doesn't know the first thing about why France and Greece are having issues. At least in the latter case, the wealthiest Greeks don't pay any taxes and there are no enforced penalties. They get taxed. They simply refuse to pay.

The wealthy essentially aren't taxed there? They must have created ridiculous amounts of jobs by now. Greece should be the best employment opportunity in the world.


Ya know.... maybe we ARE becoming like Greece

/if Republicans have their way
 
2012-12-04 10:46:52 AM  
French fries dipped in tzatziki sauce?

/getting close to lunch time
 
2012-12-04 10:49:37 AM  
Uhh, we could cede control over our currency to an external entity, and then we'd be screwed if they didn't act 100% in our interest... but I don't foresee us doing that.
 
2012-12-04 11:03:11 AM  
A 34% increase on your income over $1.5M US is not a big deal. Any rich person who soils themselves over this is not a patriot and doesn't deserve to stay in France anyways.

Rich guy in article is moving to Belgium over this which is the highest taxes country in Europe. You're doing it wrong.
 
2012-12-04 11:44:33 AM  
And if the US' economy was analogous to either of those countries other than all being "democracies" in a general sense, that'd mean something.
 
2012-12-04 11:47:04 AM  

mrshowrules: A Rich guy in article is moving to Belgium over this which is the highest taxes country in Europe. You're doing it wrong.


Except Belgium's top income tax rate is 50% and France's is now 75%. They could get much lower rates - in Ireland, for example - but then they would have to speek ze Eengleesh all ze days. Ooh la la.

So the guy is benefiting a little bit - instead of being anally penetrated with a red-hot poker, it's now a room-temperature poker.
 
2012-12-04 11:47:47 AM  
I give up. Why would this be a problem? If we were taxing like Greece and spending like France, then we'd be in trouble.
 
2012-12-04 11:48:33 AM  
How will zillionaires afford their third yacht now?

/oh the humanity
 
2012-12-04 11:48:33 AM  

TheBeastOfYuccaFlats: And if the US' economy was analogous to either of those countries other than all being "democracies" in a general sense, that'd mean something.


Yeah, the abstraction employed by conservatives here is really precious. "Look what happens with high entitlements!"

Yeah, well, as I observed, look what happens when the wealthy don't pay taxes.

There are lessons to be learned from those countries, to be sure. But you have to consider the whole package.
 
2012-12-04 11:48:45 AM  
Subby:

Grow the fark up and stop complaining about taxes. Pay them.

If you think you're paying too much, take a few deductions.
 
2012-12-04 11:48:51 AM  

Rev.K: LOL France! Those stupid losers and their best healthcare system in the world.

Who needs that?


Not to mention good wine.
 
2012-12-04 11:49:38 AM  
I forget who's in charge of spending bills.
 
2012-12-04 11:49:42 AM  
Well, it's a good thing that, unlike Greece and France, we control our own currency and monetary policy, and therefore can't possibly face a risk of default like troubled Eurozone countries can.

That was your point, right subby? About how the US situation is completely not analogous to that of any European country?
 
2012-12-04 11:51:31 AM  
Oh look, it's THIS thread again.
 
2012-12-04 11:54:36 AM  
Just goes to show you why there's no French word for entrepreneur.
 
2012-12-04 11:54:55 AM  

mrshowrules: A 34% increase on your income over $1.5M US is not a big deal. Any rich person who soils themselves over this is not a patriot and doesn't deserve to stay in France anyways.

Rich guy in article is moving to Belgium over this which is the highest taxes country in Europe. You're doing it wrong.


Nah. The only proper response when your country asks you for help is to say "fark off, I'd rather pay more in taxes somewhere else than give you anything." This man is a true patriot.
 
2012-12-04 11:55:47 AM  
the EU needs to get out of their half assed federation and go full on single nation state already.
 
2012-12-04 11:56:28 AM  

Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.


Not sure if joking....
 
2012-12-04 11:57:29 AM  

SuperT: Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.

Not sure if joking....


really. you aren't sure.
 
2012-12-04 11:59:36 AM  

Jackson Herring: SuperT: Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.

Not sure if joking....

really. you aren't sure.


I'm just saying, I've seen lots of derp in my day.
 
2012-12-04 12:00:24 PM  

Jackson Herring: really. you aren't sure.


I'm never sure about anyone's sincerity in this tab anymore.
 
2012-12-04 12:01:29 PM  
No we won't.
 
2012-12-04 12:01:56 PM  
Not only do they tax you up the ass in France, but they will also treat you like crap.
 
2012-12-04 12:02:40 PM  

Smackledorfer: Jackson Herring: really. you aren't sure.

I'm never sure about anyone's sincerity in this tab anymore.


that reminds me

benghazi
 
2012-12-04 12:03:06 PM  

Eddie Adams from Torrance: That's unpossible. If nobody is paying any taxes, the Laffer Curve tells me that government revenues should be approaching infinity.


[ citation needed ]
 
2012-12-04 12:04:03 PM  
And in the meantime the middle class there will enjoy yet another decade of less work and more vacation and better quality of life... but one day it'll really all collapse for reals and then the Americans who are pathetic sycophants to the very wealthy will get the last laugh or something... when working conditions in France mirror the ones we've already had for decades.
 
2012-12-04 12:05:07 PM  

The Jami Turman Fan Club: I give up. Why would this be a problem? If we were taxing like Greece and spending like France, then we'd be in trouble.


Dude, I think Greeks were paying lower effective tax rates than we were. And per capita, we outspent pretty much everyone in the world thanks to two unfunded wars. This is actually a major improvement.

Oh, and before the GOP shills come in complaining about the causes of our fiscal problems:

oi45.tinypic.com
 
2012-12-04 12:06:21 PM  

mrshowrules: A 34% increase on your income over $1.5M US is not a big deal. Any rich person who soils themselves over this is not a patriot and doesn't deserve to stay in France anyways.

Rich guy in article is moving to Belgium over this which is the highest taxes country in Europe. You're doing it wrong.


Belgium has no tax on fortune, profit from stocks or real estate rental. They have a rather high income tax and it is capped at 50% (which is reached at around 34000 euro a year)... so as long as the rich guy doesn't collect a salary, he's golden. If he collects a high enough salary (1000000+ per year), he's basically saving 25% just by crossing the border.
 
2012-12-04 12:06:57 PM  
We actually collect taxes, unlike in Greece?
 
2012-12-04 12:08:41 PM  

SuperT: Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.

Not sure if joking....


images.topix.com


/allegedly
//Je te troll!1!one
 
2012-12-04 12:10:21 PM  

Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.


Moron... everyone knows that the French word for "entrepreneur" is "fromage".
 
2012-12-04 12:19:38 PM  
The only spending I see is originating in the GOP controlled House
 
2012-12-04 12:19:46 PM  

misdirected leisure activity: mrshowrules: A 34% increase on your income over $1.5M US is not a big deal. Any rich person who soils themselves over this is not a patriot and doesn't deserve to stay in France anyways.

Rich guy in article is moving to Belgium over this which is the highest taxes country in Europe. You're doing it wrong.

Belgium has no tax on fortune, profit from stocks or real estate rental. They have a rather high income tax and it is capped at 50% (which is reached at around 34000 euro a year)... so as long as the rich guy doesn't collect a salary, he's golden. If he collects a high enough salary (1000000+ per year), he's basically saving 25% just by crossing the border.


If he made his money in France, he is a major league pussy to pack-up and leave when the Country is having economic problems.
 
2012-12-04 12:21:52 PM  

justinguarini4ever: Not only do they tax you up the ass in France, but they will also treat you like crap.


No, that's how they tax you in Greece.
 
2012-12-04 12:25:47 PM  
Well, uh...how long did we think we could overspend, over militarize and borrow, borrow, borrow. Wat consequence free life are politicians living in? What denial are Americans living in. The day had to come. These two parties bankrupted us via mismanagement. Lets keep voting for them!
 
2012-12-04 12:28:50 PM  

justinguarini4ever: Not only do they tax you up the ass in France, but they will also treat you like crap.


I'm so glad I don't live in France where they tyrannically force the best healthcare in the world on you, require five weeks of paid vacation, and give you sixteen weeks of paid maternity leave.
 
2012-12-04 12:29:51 PM  

Proteios1: Well, uh...how long did we think we could overspend, over militarize and borrow, borrow, borrow. Wat consequence free life are politicians living in? What denial are Americans living in. The day had to come. These two parties bankrupted us via mismanagement. Lets keep voting for them!


We're bankrupt? Don't tell the bond markets.
 
2012-12-04 12:29:51 PM  

Eddie Adams from Torrance: Moron... everyone knows that the French word for "entrepreneur" is "fromage".


You misspelled "moran".
 
2012-12-04 12:30:43 PM  
everything
 
2012-12-04 12:31:19 PM  

Rev.K: LOL France! Those stupid losers and their best healthcare system in the world.

Who needs that?


I'm sure it's a hellishly ugly country with no attractive people, too.
 
2012-12-04 12:31:34 PM  
The guy profiled in the article got rich off one company, just sold it and is now moving to another country to start up a new one. Yeah that's exactly the sort of thing someone in the middle class gets to do when their jobs get downsized.

If Bloomberg's aim was to make people feel sorry for France's rich, then it failed miserably.

/Can I just read one f*cking article linked to Fark that's not covered in partisan sh*t?
 
2012-12-04 12:32:06 PM  

Eddie Adams from Torrance: Karma Curmudgeon: Just goes to show you why there's no French word for entrepreneur.

Moron... everyone knows that the French word for "entrepreneur" is "fromage".


Picture related
 
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