Tag Archive: Socalism

The French Back Down

When new French Socialist President Francois Holland raised marginal tax rates on the rich to 75%, the response was utterly predictable. Rich people decided to abandon France including national icon Gerard Depardieu (you can read Depardieu’s wonderful letter here).

Well, the French may have gotten the message:

France’s constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande.

Raising taxes for those earning more than

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