Thousands of French Households Taxed Over 100%

Discussion in 'Economics' started by nitro, May 20, 2013.

Could this happen in the US?

  1. Yes. If things get very bad but not otherwise.

    10 vote(s)
  2. No. Simply impossible under nearly all imagineable conditions.

    10 vote(s)
  3. I don't know.

    2 vote(s)
  4. I don't care.

    6 vote(s)
  1. piezoe


    As is capitalism. Perhaps a new "ism" can be invented that does not destroy its host.

    Socialism is to 'communism lite', as capitalism is to 'fascism lite.' :D
    #11     May 20, 2013
  2. southall


    95% of trader lose money.

    So have no income.

    They still pay taxes (on property, energy etc).

    They all pay more than 100% in tax.
    #12     May 20, 2013
  3. clacy


    I disagree with the fascism/capitalism connection. Fascism is another form of centralized power. Fascism actually more often associated with Communism and Socialism, as all have very centralized power structures.

    Capitalism is almost the exact opposite, as the power structure is more weighted towards the free market (ie the consumer).

    Capitalism is not perfect, but it's 1000x better than having some limousine bureaucrat try to central plan for the economy.
    #13     May 20, 2013
  4. I would very much like the anglo-saxon media to talk about some cases I am seeing here in the ground :

    - one guy is starting a business, and , how does he manages - he is to receive monthly state money for 3 years to get his business going, adding to that a little bit less than $100k starting capital.

    - one lady has been studying acting now for 7 years , all paid by the state ( including overseas trips). She is now just starting acting in films heavily subsidies. lol. French cinema is actually very much a subsidized industry.

    - Peugeot company had a billion deficit, and it looks like the company received heavy subsidies.

    We need to get the full picture. Including which bank received how much, apparently the French bank bailout represented more than the GDP there. Now if anybody has the figures, that would be interesting to get the facts. was it more than the GDP? :confused:
    #14     May 20, 2013
  5. luisHK


    Noone I think is saying that this money paid in taxes is exclusively gobbled by voracious and corrupted politicians - much of it is indeed wasted in unproductive programs - you didn't mention retirement but should have.

    I'm very upset with culture subventions, subidize any bugger who might be able to share some interesting ideas and those ideas are largely gone. Subversive culture is ridiculous in France, much better to talk about one's kitchen or about dating neighbour and get subsidies than questionning the system. Also there are pretty strict anti hate laws in France that restrict seriously free speech. Do you Watch french movies ? they strongly lack political content, at least content opposed to french mainstream.

    Murray Rothbard wrote quite a bit about how states use intelectuals to enforce its power through their funding, I found it interesting but pretty obvious.

    I read yesterday that it's wrth in Norway as journalists are heavily subsidised as well. I'm not surprised from Norway and not really sure about the situation in France.

    I'm not familiar at all with the entrepreneurs help you mention, is it related to Hollande alledged pro business policies ?

    As a general rule be aware of state organisms who are here to help young entrepreneurs, ime they are staffed by utter losers, definetely people who couldn't get a business going on their own.
    #15     May 20, 2013
  6. zdreg


    obama must be jealous with envy of the french system.
    #16     May 20, 2013
  7. please keep obama. :D
    we have enough difficulties with finding good politicians - aka those once elected do not sell out. lol.
    #17     May 20, 2013
  8. zdreg


    i understand. but how does one export obama and crew? will it make a big difference in the US balance of payments?
    #18     May 20, 2013
  9. To manage understand how a country system really works, it is often best really to spend time in these countries and be really open minded and talk to people.
    I will agree with you that people seem very polarized - right/left.
    I guess in France, after 15 years of right wing policies, culminating with a very corrupt president, it is no wonder there is an undercurrent of asking "how people really made their money", and having a certain loathing for ostenteous display of wealth...
    Last we were checking short stay accomodation and all sounded perfect ... till it was mentionned "best you be left wing leaning" lol.
    Just for the sake of disclosure, I pay my taxes in a 0% trading tax country. However, as I received no help from any government, to become a good trader, I do not feel any restrictions not to minimize my trading tax. But I contributed a lot, wasted some time, and now will be contributing much more to really creating positive changes for other people who did not have the same chances as I had. I understand that "success" is more often than not due to the right circumstances more than personal abilities. :)
    #19     May 20, 2013
  10. You like him so much, YOU take him.

    We of the "source of funds" class in America would PAY someone to take him off of our hands.

    :mad: :mad:
    #20     May 20, 2013