Re: Re: What if Spain copied France?



The figures in The Telegraph that Chopera posted are correct. Hollande has also plans to set income tax to 75% for those who earn over €100.000k, increases on inheritance tax which is currently 30% after allowances and property taxes.

Hollande has actually said “I hate the rich” and “it’s business that got us into this mess”.

I wonder how he thinks France can recover from recession if he keep clobbering enterprise and incentive. The Unions of course are cheering from the side lines and slapping him on the back.

No modern economy in the last century ever recovered from what is high confiscatory taxes. It’s a disaster for France.