Taxing the Rich in France at higher rate?
Wed, 8 Aug 2012|
French President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros to help the country out. Should the rich taxpayers be charged at a higher rate for being a millionaire?
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Yeah great to another. Rage of the day's shot. They know I'll create. Yes he's very. You can write the complete and I'm a setup that -- the outbreak of the decade. -- Yesterday that. Barack Obama allow. Yeah are you want -- dead -- some of the policies. That. These figure parity had them -- have being emulated by our president now that he's apologized for us in places like France. That's. The person I paid my own way through college. Cocktail waitress and have a three cocktail -- -- god they went through U mass not happy about spots and because. People like me could afford it and working commute to school. Because. The reason. That I work my parent out as a reason part there's a reason why I continue to write books and working on one right now. As a reason why I try to get these consulting gigs with more reason and I continue right in magazines and worked their show and -- His appearances on television and I work is correspondent ABC news to brag don't you know this all because. I am trying to me. I am working my -- and the American way. To make no need my business nobody's gonna vanish now let's say you opener for any office when you can. Tapped into free grant money so that you can write. And just try not to worry about a single they'll know it's on that -- the business that I had built the five books I have written about them myself. -- -- -- -- Now one of those books. One of these movies says -- next book I Wright is gonna be the big ones a big line. And I am going to finally catapult myself into a nice little beach house somewhere in Gloucester. To Greenwood becoming reality in France. We hear the story from New York Times I -- I think Johnny Depp. Who decided that he was no longer gonna live in the United States in the union moved to Air France because the social policy is this much more in line. Without Johnny Depp wanted to live. You don't believe us. President now Chris you have coming out the French yet because you're much better and with a -- denunciation. Considering pronunciation. Considering that I have this East Boston and south Brooklyn accent going on. President friends walk along with that correct. I have no idea. You can feel free to and -- me and my pronunciation of the French president's name but that guy that just -- prank she. Frankie is now we impose a 75%. Tax. You earned that right -- 75%. Tax. I'm neat portion of anyone in -- above a million Euro. A year. So despite. It nice now that screenplay and I get a million bucks. France set -- back thank. 7%. And that they don't to give in to consideration and make these these rash judgments about the rich. John Kerry's Mitt Romney's -- yeah you might naked and why you might get a payday they open a what happens if the -- leeway at why are you might get that check in you get it he said in key. I. -- said it's. Step in -- actress thanked. So this is going on right now in this New York acts. The car all to Vincent grand. A wanna France's most profitable. Companies he was feeling nervous. The president is vowing to impose a 75%. Tax. On a portion of anyone in town. Above a million euros a year which is about one point 25 million in American dollars should I be preparing to leave the country the executive said. Well wait and see now wait and see. That's so this lawyers said it would getting tighter -- from higher earners who are getting ready to leave the country. Young dynamic people pulling in 200 -- -- wondering whether to remain in the country I'm making money is not a good thing. So outrage of the day I'm guilty of engaging in class warfare is not to the next and I make fun at the I bit the exclusivity of west beach in I've ribbed by my new co host as of August when he first talked Feinberg about living in -- public all arms and we don't. You'll be I will confess to being guilty of some classes and if you will. I am really. Becoming less apt to attack folks like John -- a wind surfing and for. You know trying to get a tax abatement on the -- waterfront property in Nantucket. You leave. That the last accepted full on of discrimination. Is to attack the rich. Doing in Rodney. -- me ask you well I am not a giant Ambrose an -- I never have been. I mean and I gonna -- form of course given the state of the country now I cannot in good conscious ever vote for Barack Obama. The great deal of respect and Romney. Romney. Had this sorts. -- knee after I did she is. No -- the mayor. Rough Rocca. Well sure you Olympics this year aren't his fifteen year old wars that's co owned by Ian and her husband. They did make the cut yesterday. And had their science competition in line. Don't -- That. That's not enough the DNC. Think the -- apologized -- the ad was offensive to everyone anyone. Any ad was offensive to a lot of people on that at the ad where it's like rob me. Treats his sources better than people and it shows in on these courts prancing around. I've been very well taking care. Can I. We'll never get an am Romney was attacked for wearing and 900 dollar -- -- on national television when Michelle. Obama. Was called debate. Anxious. Debating. When she wore at 7000. Dollar sure. -- So when you stories about a 75%. Tax. Anyone making one point 25 million. Stay at 85%. Tax. Do you respond to that 61726660. A sixty a so the country's first socialist president. Since the 1980s. Has been pressing this manifesto patriotism. To pay extra tax to get the country back on its feet again. This 7% tax proposal. What's parliament plans to take up in September is aimed couple's three different finances as Europe's line running -- crisis intensified. But there are only few people in France using unwitting tourist. In cures such attacks. There are roughly seven and -- and 7000 to 30000. In a country of 65 million. That might be making that kind it now. -- -- -- Mean people have long had an uncomfortable relationship with money. Somebody who is a self made men creating jobs in hanging up as a millionaire and those who have been viewed with suspicion. And they're punished. They're punished by politicians who want to take 785%. No I actually abysmal at -- do you earn money. And keep a quarter. A quarter. Actually. Gets so you gonna happen. To not gonna open up in France. Executives and wealthy people authority packed up the destinations like Britain Belgium Switzerland the US taking net taxable income with them. A multinational companies are not going to invest in France number of employees here at this Whalen added. This -- we and we are headed. So it's. Our two countries blows. Well you are rich. -- -- -- school and grabbed 75% of your earnings matter he'll never make a million -- again which would be dictates it's it's finally Seles screenplay I get a good book deal. You'll never make that kind of money -- takes 75% of it. And this happening and not that far off why not that -- with some of the policies that are occurring in this country so yeah. This suspicion. Swirling around the Rex. Class -- they had gotten completely out of control. And you see the possibility. After a socialist president in France can skip out of anybody make money and that country and running the -- Aren't decent running away from. The French Alps that's the -- Happening do you think this is discriminate -- against the 61726. X 6868. It like a text -- just said this sound like now the European model for Obama to follow up and because we have something we can volunteer to pay the extra taxes he can check the box. To pay the extra taxes right here in Massachusetts at the options -- you know patriotism. -- patriot. You can pay more. Elizabeth Warren didn't check the box. John Kerry. Didn't check the box I'm not sure about Patrick check the box the extraordinarily rich that are imposing these sort of stipulations. On successful folks. Check the box that's so hypocritical about this discussion might what do you think. I'm -- they -- now speaking about the digital and I find ironic. Yeah yeah 88. Flew over four million dollars in back into eleven. And Barack Obama's -- for a million dollars trying to hide it is and that is college records. Just find it ironic. I DO I I -- incredibly ironic might get excited ironic that you know Harry -- like Mitt Romney so original make you sick as he -- in. Makes that call from the Ritz Carlton where he lives and. And you know a lot but that question a little about any extra they -- brought up a little bit -- need Archie said. -- I just the charitable. Are. They get I didn't do it for charity. -- -- -- -- -- -- She and Eric is our other people on line at the cheese shop. Detect the -- -- she checked the box that when she sees shop she. You wrote. You have to check the box and it actually. Steve do you think you're right next to veto. Mitchell plays that Michael. I find interesting. Region proper law law had an interview -- some guy -- a multi billion and his name. But she try to cinema but the end of the interview. About ten more in taxes. Are right for Obama. And his response. Was beautiful -- As one you said that I have no problem at all they and more in taxes he should probably have this use. Well my text follows. In prior to that he went on the show basically talked about -- useful -- were pretty and how we help but no. Not only people here in the United States spot or all right world wide and if you notice he looked warrant but. Is Barack. Is in charge it is at its aren't given money to where it should be spent. As opposed given that for the government where it's missed. I think how I feel like look I of these spots and so people want to attack me as being. I'm trying to support that absolute nonsense Steve because I see every day firsthand how well people live on in EBT card. How well people live in section eight housing brand new apartments that are being built just for that. Well it you know what Obama comes out he says he says that people who have done well should be given more. And east at least talked about oh yeah. -- -- and in supposedly the government apple does get this entire right now it's that built the business. Back in 1995. Nobody gave me any thing I remember going to the bank the bank wouldn't do a thing where it. You'll actually able to get my business Iran and which is like -- -- myself out there on the line at a put it. Take a second mortgage on my house to get it's actually needed. And take all the money that I had in the bank to put that into my business and take all the risks are fraught. And I thought it was -- stressing that it book and soul we sigh attic crank Iran also that we will make their money that I at all these different banks. Basically banged down my door ought to try to get my does but where were they try it's so that. Exactly the whole point Steven now when you finally made it it might seek. All of the money any any hint of any problem given to charity. And I actually enjoy it. But I'd like to give to the charities. That I believe and the hundred club of Massachusetts with his charity that helps out the children. A fallen firefighters and police officers that's that's my token charity I like to do things are cancer victims I. I have my own charities and I'm sorry if he. Illegal immigrant that just snuck in over the border is a lot of. Well at the opening to a bottom it is if you look if you look at history. I don't believe the pilgrims actually proved that when they first came over to the United States. Everybody have a common share of -- And they'll all -- the Taurus went. And every one that is because nobody want to do it. Because there Asia one else should I go out there while the field and do -- now I because I'm not immediately order form so. They changed that they said it will got to do -- come -- -- basically system. That if you -- project get rewarded for and that's where it's either. Right there implement Clark. Singing and acting like this Steve we have to remember that the -- the ones ports act. And have it would be time against Auburn Heatley advocated for everybody to stand -- two -- that they both. Thank you Steve so backed out there and just need against the keep it. In the government for 6%. Incentive to try to actually. Becomes six. -- that means success. Well absolutely I mean if it goes without saying that what what underlies. That kind of thinking is resentment. And you know it it it strikes me is that there's there's one of the ten commandments that many many people find optional. Now shall not have -- Other. And what we need or overwhelmed. By people who carpet. What other people out what they create it. And read and or. I and my mother taught me you mind your own and that. You keep your -- don't leave you keep your own backyard clean and never mind what other people. Has it not if you've -- Yeah I think we -- the most of all part of the story. As if you look at numbers and trust me I am no mathematical genius in -- in math Marat but if you look at the numbers and you read through this New York Times being. Stephanie -- percent tax. On anyone -- come above a million euros. So -- that's not gonna solve the country's problems in fact in the New York Times said. Luck at this is only getting contribute a small fraction of the 33 billion euros in new revenue the government wants a raise next year to balance the bond. -- -- that it doesn't solve anything but it made that power hungry control -- Who. You know -- -- the third thing that they have. The -- will only. Worry you know we're telling you what you could do with your charitable dollars. That is if -- on the -- people. It's not thank you -- -- right yeah it's about it's on its image punishing people and people. Pretty different it's a 14%. Tax for the ports at 30% tax but that's higher earners. Make eating and what kind of money Massachusetts it's like it's. The tax rates rise to forty lepers and a half. -- So we could be. This is against the -- is it so much. Now I mean it's discriminatory. The very least. It's class warfare at the most -- McPhee. Welcome back Boston this isn't Johnny -- we are and six CD WRK out. I mean this is a scary. Proposition. -- scary proposition the socialist president of France. As ski and did whatever. How anybody who actually it's successful in that country here is why. He and now going to impose -- 78 I percent tax. It's fat percent tax on anyone making about a million euros a year. So how that helpful. When -- clocking about. Taking away two thirds of someone's earnings to appeal to -- -- be productive people who are -- business. And you going to say we're gonna take away 75%. Of your account to paint that it ended incentivized people. To stick around France and open a business. What -- incentivize you to do well. The point at me working so hard to try to get that great deal act and to write that will be a point. It's 78 -- percent of that. As used in Massachusetts to pay -- EBT card holders palaces a good idea. Well listen to the SP. Is a high end real estate agency -- in brothels. And the owner of that agency said. Well. They're ridiculous proposal went Franz but it's great for -- It's a huge Alaska -- because people in business come to Belgium and bring their wealth with them whip it real because they create jobs. They buy houses and they spend money. As our economy that profits why doesn't anyone else get that equation 6172666868. Here is this almost angry and violent. Suspicion. That swirls around anyone with money and it is fifth last. Accepted form. -- harassment and discrimination. I mean just think what's been happening to Mitt Romney and Romney in the last form of harassment how you are next welcome. -- in his New York color is right but I sure this country computer that there -- sixty. Our freedom and seeing every day. When -- a bit more freedom but what what the -- very -- -- but over the obviously. I would not believe in -- in her 20s30s and forties. That would be true record of class warfare lot of corporate government spending and so it's quite I did. Our industry is he would still wrapping around the country -- in the country. And that's what let's with propagating -- is bad policy beer in Paris for a war in order. Target of numbers -- that he failed in this country or any secrets -- -- owed a debt is 6141000. Dollar per person. -- -- That's might need them most about how we will meet in and about how I times. So are -- it started that that means it would take you up you're making Hotmail it 5060 Randy and I want to take you to pay that debt up. You get you to be dead before you want but -- the fact why the government is what the government is take lives and that spending that's been a Libyan and I think the government's policy even in this country. Its class warfare presence who moved here from pressure a that would fire striker and think about going back I mean it is getting to the point of sitting. -- day is when US Elizabeth Warren now -- -- that time ago. And she refused to release her tax returns from those years when she had almost highly paid committee it's time to watch -- city. And US is warranted to check the box. And she and knowing ten did not know she didn't check the box that exists right here in Massachusetts. To pay the actually tax if you will be like anything yeah you know if you wanna be patriotic and that's courses and France's socialist president. Is crying it's the patriotic thing to do and that's the Joseph Biden. I've tried to suggest earlier this year late last year Joseph Biden that if your true patriot you wouldn't mind paying higher taxes. Let's don't mind paying high taxes that -- not been squandered. I absolutely absurd nonsense like trance dance the EBT card holders. That is correct and it's -- whereas the world and one note here about wrote that about Fred. It look at the tax policy in the in the states little once it was so devastating whatever you. The good physical -- here Massachusetts this from the bark of an architect. -- -- Is Boeing tried to build a AJ -- and then they get and it was a North Carolina. And yet the government stepped in because there -- nonunion state may -- -- the right to create jobs in North Carolina. Because as ever tell following. Did the fact -- had to move out of the country means that people right here in -- in Massachusetts where MPG eat Utley up because there are making. The jet engines that those Boeing planes. That's correct so. -- -- -- -- -- -- -- Thank you Alley for the colony. Warfare exit even in my own family attacks -- said I'm slightly better off than they are. -- That's all that I think is always my father says that TO. Lets me all the time not general story about my father's own little quiet attacks when it comes to trying to be the big shot. Lady telling -- Michelle -- we are eight and 68 -- -- is it discrimination against people are making money in this country.

