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Aug. 18: Cantor to resign from Congress
Coming soon to America?
French citizens, those whose income is over one million euros, or just over one and a quarter million dollars, will soon be taxed at a rate of 75 percent.
Many economists have said the rich tax will not do much to boost depressed state coffers because only 3,000 of France’s 66 million citizens make over a million (euros), and that the move is just symbolic.
In fact, the tax hike was the campaign promise many believe won the election for President Francois Hollande who has said he doesn’t like the rich.
The move seems to have garnered massive public support. At the Peugeot-Citroen plant just outside of Paris, workers said they favored the rich paying more. Union Leader Jean-Pierre Mercier told Fox News, “It’s not all, AT ALL, sufficient,” he said. “We should take more of their wealth.”
Even among residents around the posh Place Vendome area it is hard to find anyone against the tax.
“It’s a good idea. If you have money, you can pay taxes,” one woman said, echoing the sentiments of several others.
If you think this couldn’t happen here, remember how our celebrity President has said in complete seriousness how at a certain point you’ve “made enough money”? Also unforgettable are his now-infamous comments as a presidential candidate to Joe the Plumber about “spreading the wealth” around. And his official magic number that marks his cut off point from “rich” to “not rich” is $250,000, although ObamaCare was a huge tax on the “not rich” aka the middle class. And Obama also supports hitting the middle class with other taxes in the forms of fees, fines, etc.
Yes, it can most definitely happen here as well with attitudes like President Obama and his supporters – and future Democrat presidential contenders, who as a general rule believe “the rich” should be punished for being successful, and that the government knows best how to spend their money. Of course, the left claim to want to do this to “help” those less fortunate, even though most “rich” people contribute to society in other ways like – you know – creating jobs, assisting local communities, engaging in philanthropic endeavors, and the like.
Success, unfortunately, breeds contempt in left wing circles – because it means someone has made something of him or herself, while there are others who for whatever reason have not. So the left concludes that because this happens, this system is somehow “unfair”, because – to them – equal opportunity should also mean equal outcome, which they believe they can legislate to make happen via taxes, penalties, stifling regulations, limits, and quota programs designed to “level the playing field.”
A strong rejection of this brand of liberalism, more commonly known as “socialism”, is imperative this coming November. I sure as heck hope a majority of Americans agree with me, or the next four years of a lame duck President will be a nightmarish ride for us all.