France raises top tax rate to 75% – My Thoughts
Socialist France is raising its top tax rate to 75% to punish its top earners for being “Financially” successful. What is shocking to me is the people let their government pull a stunt like this. France is socialism at its finest and it shows me how dumb most people are regarding money. France previously charged 40% on its top wage earners and doing this still put France is worse financial debt than it had been previously now socialist France is going for the mother load 75% and do you know who is going to suffer under this regime? Most likely the hard working people will be hit the hardest.
People wake up paying higher taxes has NEVER solved problems in fact taxes have always throughout history accelerated problems. The reason taxes have never solved problems is because governments are NOT innovators governments cannot create jobs governments cannot create wealth. Not only that government cannot evenly distribute wealth, so if that’s what made you buy into socialism think again and get ready for worse times ahead.
The point of capitalism is to give people a reason to wake up and work every day. It should be noted that work doesn’t always mean finding a job work also means starting your own business. When there are no jobs the hard working person will usually start his or her own business which in turn creates more jobs. Taxes hinder businesses and actually do more harm to the working class than most may think.
The problem most working class citizens have is they know nothing about wealth creation they know nothing about how money works so when politicians get on a stage and tell them that we’re going to punish those evil rich people for such and such reason these working class people who just want to do their jobs and take care of their families will typically take the bait not knowing that in fact the politician is secretly going after 9 – 5 wage earners salary.
If you’re wondering how this happens well first the government taxes you for working, then the government taxes you for spending, the government then taxes you for saving (if you’re saving) and of course the government taxes you for investing (if you’re doing that). Sure the government is going after those “evil” rich people but the government is actually making most of its money from the millions and in some cases billions of people that reside in that country.
What’s worse is as this taxation is happening the government is also giving out welfare for the people who are not working or for the people who can’t find work. This is where the down fall of socialism is apparent because most people who understand how the welfare system works will opt not to work or opt not find a job. Will or can the government stop these moochers? Of-course they can but they’ll need more government to do it which means more taxes will be needed and so on and so forth. This is just a small example of what socialism does and why charging more taxes in general is the wrong way to go.
The average person has absolutely no idea what I’m talking about nor do they care. The average person has fallen prey to the seductive allure of SOCIALISM. Take money from the rich and give it to the poor what a lovely story like all rich people evil and all poor people saints. Socialism acts as if all people are the same when in fact each and every one of us is unique some people work harder than others some people are more fortunate than others some people can be considered more beautiful than others why then would a country fall prey to a government that seeks to decide how money is distributed? Do people really think that if everyone earned the same amount of money or if money ceased to exist that the social issues that plague humanity will disappear?
Socialism is a joke and the fact that France is charging its top wage earners 75% is an even bigger joke. For those of you that subscribe to conspiracy theories France is the place to watch!
Obama is bringing similar foolishness to America but it serves America right because “the white establishment” as Bill O’reilly calls it are asleep to the fact that the world is changing and people are waking up. Conservatives globally better start talking to people in a straight forward manner otherwise socialism is going to take over. Obama won the U.S election because he told people the truth. Had Romney done the same he would have won.
The problem was Romney was ashamed to call himself a capitalist he was ashamed that he made so much money. Romney and his team feared the public backlash when instead they should have embraced the backlash and used it as a way to explain the true meaning of capitalism to the world.
A true capitalist should NEVER lose to a socialist where money is concerned
My prediction for socialist France
Things will get worse! People are talking about Greece, Spain and Italy 75% should be the nail in the coffin for France! How is France going to realistically grow it’s economy with a 75% tax. I smell disaster but I wish the French people all the best!