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France Tax 75 per cent?

I recently heard that the new Tax in France is 75 per cent on anyone making over 1 Million Euros per year. Is there any truth to this?




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oh it's true here's a nice

oh it's true

here's a nice article by Pat Buchanan about it:

http://lewrockwell.com/buchanan/buchanan289.html

"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises

socialism destroys a nation.

socialism sucks.

Yes

Socialism sucks, but unfortunately MANY people think it's the right solution. I watched the beginning of the Occupy Movement which later started leaning socialist. There were people flown in from Europe, (Spain) promoting socialism, even challenging Ron Paul supporters.

If you think about it you can see why:

As Ron Paul reminds us when you inflate a currency (as the entire world is doing) you get an AUTOMATIC transfer of wealth from middle to the upper class, and a shrinking middle class. With that effect doesn't taxing the rich sound agreeable? It would seem so.

That's part of the problem. The whole world's monetary system is screwed up and the people don't know how to react to the misery being inflicted by it. They think Socialism and "government take care of me, and tax those rich" is the answer.

From the news

clip I glanced at it was ruled unconstitutional, but it was what their new president, apparently a socialist, was pushing (75% tax on the rich).