Surtax

Cheese eating surrender monkeys give up on massive taxing of the rich

Stupid Cheese Eating Surrender Monkeys they even surrendered on taxing the rich massively hard.

Of course they had to surrender on the socialist utopia of taking the rich because simply put massive taxes on the rich simply don’t work.

Fran?ois Hollande?s unpopular tax changes that imposed a 75% rate on earnings above ?1m (?780,000) will quietly disappear into the history books from Thursday.

The French socialist president announced plans for the controversial measure during his 2012 election campaign as a means of forcing the wealthiest to help dig the country out of economic crisis.

Although supported by the left, the reform sparked accusations of an anti-business agenda. After the ?supertax? was announced in September 2012 the government was accused of shooting itself in the foot by risking an exodus of high-profile personalities. Business leaders expressed fears that investors would pull out of France.

France?s richest man, Bernard Arnault, the chief executive of luxury group LVMH, took out Belgian nationality, and the actor G?rard Depardieu also moved across the border to Belgium before obtaining Russian citizenship. ? Read more »