Tuesday, July 03, 2012

FRENCH SOCIALISTS PROPOSE CRUSHING TAX INCREASE TO CURE CRUSHING DEBT CRISIS

French PM Jean-Marc Ayrault has called on the French people to rally behind the government to tackle a "crushing" and "unprecedented" debt crisis. He is outlining the new Socialist government's plans in a keynote speech to parliament for the next five years. 
He confirmed those earning more than 1m euros (£800,000) would be taxed at 75%.
SO... FOR SOCIALISTS THE SOLUTION TO CRUSHING DEBT CRISIS - A RESULT OF THE FACT THAT SPENDING IS TOO HIGH AND RECEIPTS ARE DOWN DUE TO ECONOMIC CONTRACTION - IS A CRUSHING TAX INCREASE ON THE MOST PRODUCTIVE PEOPLE.

ALL THE TAX INCREASE WILL ACCOMPLISH IS DRIVING SUCCESSFUL PEOPLE OUT OF FRANCE.

LAFFER HAS PROVEN THIS OVER AND OVER AGAIN. 

THE REAL SOLUTION IS CUTTING SPENDING AND TAXES.

WHICH WORKED IN ESTONIA. AND EVERYWHERE ELSE IT'S BEEN TRIED.


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