France's Rich Say "Tax Us More"

[Parsad]

A group of the 16 richest people in France have signed a petition asking the government to tax them more for their country.  Cheers!

 

http://blogs.wsj.com/wealth/2011/08/23/frances-rich-say-tax-us-more/?mod=yahoo_hs

[Myth465]

A group of the 16 richest people in France have signed a petition asking the government to tax them more for their country.  Cheers!

 

http://blogs.wsj.com/wealth/2011/08/23/frances-rich-say-tax-us-more/?mod=yahoo_hs

 

Never in America lol.

[frog03]

Well, it sure is not the 16 richest people in France.  Mostly CEOs of large businesses, some of which are definitely not very wealthy though they are definitely well off.

[moore_capital54]

I would personally rather be poor than pay a 1.80% tax per year on my net assets. That is why France "only" has 14 Billionaires.

 

And...

 

It "only" takes $86mm to be in the top 400 wealth holders:

 

http://www.challenges.fr/classements/fortune/

 

 

 

[libor.plus1]

And here's another way of measuring wealth:

 

http://nationranking.files.wordpress.com/2011/03/2011-qli-map1.png

[Valuebo]

I would personally rather be poor than pay a 1.80% tax per year on my net assets.

 

Post of the year.

[moore_capital54]

It's true! you are essentially paying the government 2/20

 

2% of your assets and 20% of your capital gain.

 

The government invented "Carried Interest"!!!!

[Valuebo]

http://www.lemonde.fr/politique/article/2011/08/24/francois-fillon-devoile-son-plan-de-11-milliards-d-euros-de-reduction-des-deficits_1563069_823448.html#ens_id=1550914

 

Taxe sur les riches de 3 % à partir de 500 000 euros de revenus annuels

 

Cette mesure à portée politique et symbolique vise à montrer que les "ménages aisés" sont mis à contribution, a commenté le premier ministre. Ces chiffres sont plutôt plus élevés que la proposition faite par Gilles Carrez, le rapporteur UMP du budget, qui proposait une taxe de 1 à 2 % à partir de 1 million d'euros. Cette mesure exceptionnelle prendra fin quand le déficit français retombera à 3 % du PIB.

 

They just announced a 3% tax for everyone with $500,000+.  :o

[moore_capital54]

Great, maybe I have a chance to make that list next year lol -3% per annum over time is terrible

[Valuebo]

Great, maybe I have a chance to make that list next year lol -3% per annum over time is terrible

 

I'm sorry moore, my french is a bit rusty. I reread it at it turns out that it is a 3% tax on income from work/capital gains, not total assets!  ::) My mistake!