Wow!!! This is sooo messed up!

http://www.foxnews.com/worl...ich/?test=latestnews


I’m taking bets that with a 75% tax rate, the wealthy will pretty much all flee France.


By the way, there’s a very interesting statistic that was mentioned in this article. The article states that only 3,000 of France’s 66,000,000 citizens are actually millionaires. I looked at that number and thought it seemed pretty sad... so I compared it to the number of millionaires in the United States (there are 3.1 millionaires in the US).

I did the math:

1 out of every 103 people in the US is a millionaire (assuming a population of 320 million in the US)
1 out of every 22,000 people in France is a millionaire (assuming a population of 66 million in France)


It just made me realize exactly how screwed up the European model is... if that’s what people here in America want... then they had better seriously consider what it is they’re asking for.

Anyway, I’m willing to bet that almost every millionaire leaves France. I think they just really messed up, and I actually DO hope there are some major repercussions to this so they have some MODERN history to compare and realize they ****ed up.
Reference: http://blogs.wsj.com/wealth...ber-of-millionaires/
This shows 3.1 million millionaires in the US. Granted, I realize that the majority of these millionaires came from other countries like South America (fleeing Venezuela and Argentina), but it's still a pretty substantial number.

When do all of the Progs in the U.S. move to the new French Utopia?

I believe that the richest man in France has already applied to move to Belgium and become a citizen. Although according to him he is not doing it because of the taxes.

Wow, rayb, neptune and all the lefties must be creaming their jeans at the prospect! Imagine the prosperity government will create with all that money!!!

Definatly will be interesting to keep an eye on.

"By the way, there’s a very interesting statistic that was mentioned in this article. The article states that only 3,000 of France’s 66,000,000 citizens are actually millionaires. I looked at that number and thought it seemed pretty sad... so I compared it to the number of millionaires in the United States (there are 3.1 millionaires in the US)."

Only 3.1 millionaires? Is the .1 considered a hundred thousandaire, or is it 1/10th of a person? Seems to me that is a pretty ignorant claim. Considering that you know the difference between "then" and "than" so well and all, then I would think that you would be smarter than that.

[This message has been edited by WhiteDevil88 (edited 09-12-2012).]

nvm

[This message has been edited by ybnormal74 (edited 09-12-2012).]

Who wants to bet the entire country is ready to declare bankruptcy within a year?

Idiots Frogs!

If the average salary for those 3,000 millionaires is 10mil, the additional revenue will be 110 Euros per citizen.
With that additional money, they will all be rich!

And if that don't do a darn thing to fix the mess, where will they go next for more revenue?

quote Originally posted by partfiero: And if that don't do a darn thing to fix the mess, where will they go next for more revenue?

Liberals don't seem to bother thinking past the first step in their pie in the sky ideas.

http://www.businessinsider....ionaires-2012-6?op=1


Something else to consider....

[This message has been edited by dennis_6 (edited 09-13-2012).]

Percentage below poverty line, France: 6.2%
Percentage below poverty line, USA: 15.1%

Source: CIA World Factbook


Even if France has less millionaires, it has much less people below the poverty line. Personally, I'd rather live there. At least there you don't spend $80k on a couple doses of antivenom: http://www.azcentral.com/ar...nom-bills-sting.html

Have one accident, medical emergency, etc in the US and you can get farked over for the rest of your life.

The U.S. is a much more cruel place to live, with everyone believing in survival of the fittest and that they can all be millionaires. I'd rather live where its easier to survive, less worries, more happiness. Money doesn't necessarily make you happy, and if you Republican idiots think you'll ever be millionaires you'd sadly mistaken.


Personally I'd rather live in a place with more of a social safety net. In the US its too easy to get farked over, and the chances of you making it big are very slim.

[This message has been edited by Tinton (edited 09-13-2012).]

quote Originally posted by Tinton: The U.S. is a much more cruel place to live, with everyone believing in survival of the fittest and that they can all be millionaires. I'd rather live where its easier to survive, less worries, more happiness. Money doesn't necessarily make you happy, and if you Republican idiots think you'll ever be millionaires you'd sadly mistaken. Personally I'd rather live in a place with more of a social safety net. In the US its too easy to get farked over, and the chances of you making it big are very slim.

quote originally said by somebody "You never get better by playing a weaker team"

So Tinton, ... how's the Dumbocratic war on poverty working for 'ya ? It is responsible for the increase in people living below the poverty line. I made it big. I was raised in foster care, I am a high school drop out, I have a few black marks on my permanent record. How did I make it big ? By following the Republican ideal. By working hard and depending on me. Realizing that the survival of the fittest meant that I need to get fit. I would be doing even better if I did not allow myself to fail.
Social safety net, . Do you wear floaties on your arms when you go swimming ? Man up.

[This message has been edited by cliffw (edited 09-13-2012).]

This MIGHT (?) surprise you cliffw ...but I couldn't agree MORE with your comment.

quote Originally posted by fierofetish: This MIGHT (?) surprise you cliffw ...but I couldn't agree MORE with your comment.

Actually, it does not surprise me at all. We live the same life.
As far as a social safety net, when I have needed help, I have always had it. Not only that but I am not out only for myself. I donate to the needy. The wife and I also tithe 10% of our income, pretax dollars. Not just our income. Any financial gain we make. I try not to preach (refrained recently while responding to you) but God has never let me go without and has blessed the efforts that I have worked at. Anybody will help someone who is earnestly trying to help themself.

quote Originally posted by partfiero: And if that don't do a darn thing to fix the mess, where will they go next for more revenue?

This is an income tax and they are already talking about and implimenting a wealth tax. So if you have money put away they will take a large chunk of that too. And just think of how well that will work out. Every year they just decide they need more money so they will take a chunk out of what you have saved. Wow, what a pipe dream.

BS france is the 4th richest country in the world

http://www.investmenteurope...re-population-europe

''in line with the lavish Champagne drinking and foie gras eating stereotypes conjured by the culture, France has the highest wealth per adult of any G7 nation. On average, adults in France have a net worth just over $290,000 per adult compared to $248,395 in the US or $257,881 in the UK.''


''Former President Nicolas Sarkozy’s pro-capitalist policies may have lost to Socialist François Hollande’s anti-austerity platform in France’s May elections, but high-net-worth individuals nevertheless keep la belle France firmly rooted among those nations with the largest number of millionaires.

If anything, the number of millionaires in France keeps growing. In 2011, France saw its population of HNWIs jump 1.9% to 404,000 from 396,000. C’est formidable!''


404,000 not 3000
btw my brother in law is one of them french millionaires

quote Originally posted by ray b: If anything, the number of millionaires in France keeps growing. In 2011, France saw its population of HNWIs jump 1.9% to 404,000 from 396,000. C’est formidable!'' 404,000 not 3000 btw my brother in law is one of them french millionaires

That is BEFORE this new 75% tax rate. Let's see how those numbers look in a year or two.

quote Originally posted by Tinton: Personally I'd rather live in a place with more of a social safety net.

Where was Christopher Columbus's social safety net, when there were real fears of floating off the edge of the Earth ? Where was the social safety net of all the pioneers and explorers who forged west in this vast uncharted land ? Where was the social safety net of all the pioneer women who had to "man" the homestead while the husband was off driving cattle or off on other business.
The social safety net is responsible for the pussification of America/mankind. Not that it does not have a use, much like floaties.

quote Originally posted by cliffw: Where was Christopher Columbus's social safety net, when there were real fears of floating off the edge of the Earth ? Where was the social safety net of all the pioneers and explorers who forged west in this vast uncharted land ? Where was the social safety net of all the pioneer women who had to "man" the homestead while the husband was off driving cattle or off on other business. The social safety net is responsible for the pussification of America/mankind. Not that it does not have a use, much like floaties.

you actually answered your question already. there was unclaimed land. just take it, and live on it.
but, of course, when all else fails - change the topic!

quote Originally posted by Pyrthian: but, of course, when all else fails - change the topic!

But but but, there were no jobs. There were no food stamps, there was no welfare. No free housing, no free cell phones. No society at all, not even a social net. Except the one they made. The topic wasn't changed. We have land here. I claimed some and am living off of it.

EVEN LESS FOR THE NATIVE PEOPLE

WHO ''YOUR'' LAND WAS STOLEN FROM

I question how you determined these numbers. IMHO I think the term millionaire is being thrown around two different ways. In terms of the French tax the term millionaire is someone with an annual income of over a million. In terms of the 3.1 millionaires in the US I think that number is being used as individuals with a Net worth of over a million. A person can easily have a net worth over a million with an income of just a few thousand dollars a year. It appears to be an apples to oranges comparison.

quote Originally posted by 82-T/A [At Work]: By the way, there’s a very interesting statistic that was mentioned in this article. The article states that only 3,000 of France’s 66,000,000 citizens are actually millionaires. I looked at that number and thought it seemed pretty sad... so I compared it to the number of millionaires in the United States (there are 3.1 millionaires in the US). I did the math: 1 out of every 103 people in the US is a millionaire (assuming a population of 320 million in the US) 1 out of every 22,000 people in France is a millionaire (assuming a population of 66 million in France)

I didn't go through this all, but how many citizens in france are between $250K and $1M?

Just trying to get an idea of the number of people over $1M and the number just below it.

[This message has been edited by jaskispyder (edited 09-13-2012).]

quote Originally posted by ray b: BS france is the 4th richest country in the world http://www.investmenteurope...re-population-europe ''in line with the lavish Champagne drinking and foie gras eating stereotypes conjured by the culture, France has the highest wealth per adult of any G7 nation. On average, adults in France have a net worth just over $290,000 per adult compared to $248,395 in the US or $257,881 in the UK.'' ''Former President Nicolas Sarkozy’s pro-capitalist policies may have lost to Socialist François Hollande’s anti-austerity platform in France’s May elections, but high-net-worth individuals nevertheless keep la belle France firmly rooted among those nations with the largest number of millionaires. If anything, the number of millionaires in France keeps growing. In 2011, France saw its population of HNWIs jump 1.9% to 404,000 from 396,000. C’est formidable!'' 404,000 not 3000 btw my brother in law is one of them french millionaires

These government riches they are living off of are making the whole country go broke.
Remember, a star is brightest just before it burns out.

quote Originally posted by Hank is Here: I question how you determined these numbers. IMHO I think the term millionaire is being thrown around two different ways. In terms of the French tax the term millionaire is someone with an annual income of over a million. In terms of the 3.1 millionaires in the US I think that number is being used as individuals with a Net worth of over a million. A person can easily have a net worth over a million with an income of just a few thousand dollars a year. It appears to be an apples to oranges comparison.

Good point. I think this will be a huge topic if the progressives win another term here. I am hearing the wealth tax idea brought up more often as of late. It is a hippy wet dream. I can almost see the foam and drool coming out of RayB's mouth at the very thought of it.

Wealth vs income. Jesus folks if you make a million in a year and year after year, you are much more than a millionaire. I believe in graduated tax rates. The article did not clearly address income rates at $900,000. Looks like 41%
http://en.wikipedia.org/wik...nce#Taxes_on_incomes

If you compare high income taxes in the USA, we are at a serious discount historically. In fact, some of what i have done was because of the big discount on the high income. Was 39.6% now 35%
http://visualizingeconomics...0-2010/#.UFIIYlF2NwE
I honestly think maximun income rates should be higher. I also think that everyone should have an income tax, no matter how small and very graduated. I have public services for 8 residences, I can not tell you how many times the cops have helped at a couple of them. Fourtinately for my sence of fairness, California has high taxes. Really though, I am changing the way I will retire and have less in "retirement" accounts because I could see trying to live like a poor mizer to avoid high tax brackets. The way I am making most of my income now, should be able to continue threw retirement. If the high tax bracket moves for inflation, I should be all right.

quote Originally posted by 82-T/A [At Work]: I’m taking bets that with a 75% tax rate, the wealthy will pretty much all flee France .

I bet there is some penalty involved..

quote Originally posted by ray b: EVEN LESS FOR THE NATIVE PEOPLE WHO ''YOUR'' LAND WAS STOLEN FROM

Who are the "native people" ?

quote Originally posted by FriendGregory: I believe in graduated tax rates.

That's too bad. I believe in freedom and understand how a 'free' economy works. 'graduated tax rates' shows you do not. They are detrimental to an economy.

quote Originally posted by Tinton: Percentage below poverty line, France: 6.2% Percentage below poverty line, USA: 15.1% Source: CIA World Factbook Even if France has less millionaires, it has much less people below the poverty line. Personally, I'd rather live there. At least there you don't spend $80k on a couple doses of antivenom: http://www.azcentral.com/ar...nom-bills-sting.html Have one accident, medical emergency, etc in the US and you can get farked over for the rest of your life. The U.S. is a much more cruel place to live, with everyone believing in survival of the fittest and that they can all be millionaires. I'd rather live where its easier to survive, less worries, more happiness. Money doesn't necessarily make you happy, and if you Republican idiots think you'll ever be millionaires you'd sadly mistaken. Personally I'd rather live in a place with more of a social safety net. In the US its too easy to get farked over, and the chances of you making it big are very slim.

There's a couple of things going on here. For one, the general sense I get from you is that you've had a hard time in business... maybe laid off a few times, and you've let it get you down. You've had some pit-falls, and they've gotten the better of you. If I didn't know any better, it almost sounds like you've thrown in the towell and you're just happy living a comfortable, quiet life... and you know what, that's totally cool. I don't have a problem with it.

Human nature though, is not like that... some prefer to take the easy road... the road that requires less effort. It doesn't mean they are lazy or that they don't care, but they don't have the inner strength (or desire) to push the envelope. Me personally, I do have that desire. My career goals aren't focused around making the most amount of money possible, but the money I do make typically comes as a result of my aggressiveness. I've passed on many jobs which offered me exceptionally high salaries, only to take jobs that I felt were better, and allowed me to reach my goals more quickly (which didn't specifically include making a certain amount of money).

I dated this girl many years ago... over 13 years ago. She was 34, and I was 19. She was blond, had enormous boobs, very athletic... her parents were descendents from Sweden, and her father was a lutheran minister. She was kind of crazy, which is probably why she ended up dating me in the first place. The relationship was everything a 19 year old could possibly hope for. In the almost three years I dated her, I had sex at minimum once per day. She basically ruled me, had a much more dominant personality than I did. I was starting to succeed in my career and she didn't like the fact that I met with a lot of executive women. She eventually insisted that I quit my job and go work as a mechanic in a dealership where I would be "happy" and content. I almost ablidged, but then something inside of me broke free... my inate human passion that pushes [some of] us to achieve greatness. That desire for knowledge and greatness is what propells me to push myself. I've had some pretty amazing jobs, and there isn't anything that's going to hold me back. Now... you might be perfectly OK with settling for whatever, but there's no reason why the rest of us should have to suffer because of it.

Just sayin'...

quote Originally posted by Hank is Here: I question how you determined these numbers. IMHO I think the term millionaire is being thrown around two different ways. In terms of the French tax the term millionaire is someone with an annual income of over a million. In terms of the 3.1 millionaires in the US I think that number is being used as individuals with a Net worth of over a million. A person can easily have a net worth over a million with an income of just a few thousand dollars a year. It appears to be an apples to oranges comparison.

Hank, you're totally right. It didn't even occur to me, but I just did a search on how many make a million in the US per year, and I've come across a range between 350,000-400,000... obviously, substantially less than what my numbers originally concluded. Thanks for pointing that out. It doesn't make it seem as bad... either way, I'd love to see some of those millionaires come to America.

quote Originally posted by cliffw: So Tinton, ... how's the Dumbocratic war on poverty working for 'ya ? It is responsible for the increase in people living below the poverty line. I made it big. I was raised in foster care, I am a high school drop out, I have a few black marks on my permanent record. How did I make it big ? By following the Republican ideal. By working hard and depending on me. Realizing that the survival of the fittest meant that I need to get fit. I would be doing even better if I did not allow myself to fail. Social safety net, . Do you wear floaties on your arms when you go swimming ? Man up.

The opportunities you had don't exist anymore. With no H.S. diploma, black marks on your record, etc, these days you'd be lucky to get a job digging ditches. You'd be stuck living under a bridge. And what I mean by social safety net.....you can get so low that you can't get a job. Hard to pull yourself up by your bootstraps then. Not to mention its difficult getting on welfare, chances are you'd starve to death under that bridge before you'd find opportunity to help yourself. To me, that is wrong. Employers and everyone else in this country are selfish, we're all supposed to fend for ourselves. That's nature, that's how ANIMALS survive, and we're supposed to be above that. There should at least be a government service that hooks people up with jobs, and enforces hiring. Everyone should be able to provide for themselves, and no one should fall through the cracks of society. Employers and profits should matter LESS when compared to people and individuals. That is why the European system is better. If you're so pro-business look at how business operated 100 years ago, their interests are NOT the right interests for common people!

You think of survival of the fittest the wrong way. It implies that some people succeed, which is all you think about. Well, in that system some people fail. In survival of the fittest, failure usually means death. In our country you don't see that because our prison system is a form of welfare, people who can't provide for themselves anymore just need to commit a crime and they get 3 hots and a cot. If you're so low that you choose that option, it prevents you from ever leading a normal life. That's why there's so many assholes, thieves, murders, etc in this country and why we have the largest prison population on earth. Its haves vs. have-nots and its getting to the point where if you're a have-not there's no chance for you to change your life. Eventually if the have-nots vastly outnumber the haves its French Revolution all over again, and heads will roll.

As a civilized society we should try to decrease the number of have-nots as much as possible, and yes it comes from the detriment of the extreme have's who make/own much more than they need to survive.

[This message has been edited by Tinton (edited 09-13-2012).]

quote Originally posted by Tinton: So your original facts were wrong? We actually have much less millionaires than you originally said? That means France looks more and more appealing. Not only that but they've had very steep tax brackets for years, AND they have plenty of millionaires? The Republitard herp derp arguments in this thread are fundamentally flawed.

If you like living in a socialist state, i'm sure they will accept another donor.

EDIT: I hear they consider boiled dog a delicacy. A bonus for you.

[This message has been edited by User00013170 (edited 09-13-2012).]

quote Originally posted by MadMark: What is holding you back? It is not like we have a wall keeping you here. In fact we really do need a wall to keep people out who want a shot at freedom and self reliance.

The American system is holding me back. To move to France I realistically need a job that can get me a work visa. To get such a job, I need to build my resume and experience here first. Yet opportunities are slim and most of even the good jobs are just of the "wage slave" variety that doesn't give you the skillset necessary to attract the interest of companies overseas.

If you built yourself up before 2008 you're fine. If you've just come out of school, you're farked. And the economy is farked because of selfish business tactics. Companies need to realize that if they fire someone, or don't hire someone when they could, its denying the market a consumer. The very reason they can't sell enough is because there aren't enough consumers. So each company is selfish, only caring about themselves and their profits, firing or not hiring and not realizing that them all doing it collectively kills the market. The selfishness is because of a lack of enough of a safety net and everyone having to look out for themselves with survival of the fittest mentality.

[This message has been edited by Tinton (edited 09-13-2012).]