The left-wing French coalition hoping to introduce 90% tax on rich

[Mowgli]

Hold on it just goes back to the bank? I would figure it goes back to the economy like social reforms, healthcare, schools, infrastructure. if it's just going back to the bank then hell nah let people keep their money

It's gotta go somewhere before it goes there. It's not always allll spent and when it's all spent they will have to collect more. When the rich flee and take their money out of local banks they will be closed or bought by a larger bank who is waiting to give a loan to thr broke ass government so the people can continue their quality of life. When they can't pay it back, they will give up assets. Big bank always win

 

[itsyoung!!]

No it's not, nobody should be a multi millionaire and def not a billionaire

Who cares how much a few people make. Jeff bezos being rich doesnt effect your life. Youre focused on the wrong thing

The things that effect your life is rent/mortgages going from 10-20% of your salary to over 50%. Car payments being the highest in history. All these subscription services that didnt exist before just to amount to same shyt but more expensive than cable. Cost of goods and food being high. Cell phone/utility bills/cost being high.

Look at the government before you look at individuals profiting off the government mistake.

Example: you would be mad that the CEO of disney is making millions right? Tax him high, right? He wouldnt even make that much if the government would step in and stop Disney from accepting more debt than theyll ever be able to pay in our lifetimes. Disney is currently 50 billion in debt. Theyre making bidding offers on top of that for the nba package (a % of of 76 billion). They shouldnt be allowed to bid on the nba package because its a debt theyll never be able to pay. 1 company alone is going to be 100 billion in debt.

NBA is not worth 76 billion tv rights. Its fake money. Monopoly the game money. But because the government allows the nba to entertain Disney ridiculous offer that they don’t realistically have the money for and will never will have, it excludes smaller corporations from bidding, in return driving the bid price up.

Due to this, it allows players to get new huge contract deals ($400 million for 5 years now). Which drives the price of the tickets up cause the owners need to make that money back until they see residuals from the tv deal.

You know the only people getting fukked on this deal? Us. The public. Because now tickets, parking, food, drinks are going to go up in price because the government is going to allow 1 corporation (disney) buy something with money they dont and will never have.

This is a government/corporation issue. Not a tax the rich issue.

Im sure someone smarter than me can articulate the point im trying to make better but hopefully you get the general idea of how fukked the government allows the regular people to get.

These are things the general public should worry about. Everything is too damn expensive. A few people being rich dont effect your day to day.

 

[IIVI]

This apartment costs $1900/day to live in:


Having single $1 billion dollars mens someone can live here for 1,500 years dropping nearly $2k a day.

There are people with hundreds of billions of dollars and we're likely going to see a trillionaire at this rate in our lifetimes.

They can literally live in this apartment for a million years paying nearly $2k a day.

When people think they're something special for making over $100k or have a few mil saved up, it's laughable. We just ain't in the same category.

Tax them heavy and let them pay for more shyt, it won't hurt them.

 

[bnew]

Yea that will really get the economy pumping for the next 20 years. That will really make citizens want to innovate revolutionary tech for France.

France is finished.

revolutionary tech is publicly funded,

 

[Yapdatfool]

Yikes. 90% tax above 400k seems a bit extreme. That pretty much eliminates anyone from being a billionaire and unlikely to be a multi Millionaire.

400K is fukking retarded and will fail, badly.

Is say people over 20 Million should get taxed like that, maybe even 25-30. 400K ain't really rich lol

1. This is France not USA
2. 99% of posters in the-coli ain't even seeing 100K let alone 400k to be taxed

 

[Piff Perkins]

Didn't it get brought all the way down to 21% from 35% with the Trump cuts?

The Trump tax law dropped the top rate in the US from 39.60% to 37%.

In 2003, Bush's tax cut took the rate down from 39.60% to 35% but there was a sunset portion that stated if the law was not renewed in a decade, taxes would revert back to the previous rate. Ten years later was 2013. So if you remember the media freak out over the "fiscal cliff"....when Obama won re-election, corporate and business media were mad that he basically said fukk you I'll let the law expire so the rate goes back up to 39.60. So we had that rate from 2013 until Trump lowered it in 2018.

That top rate is for single income over $609,350. Anything under that amount is paid at the lower rate. So keep that in mind when you think about taxes for yourself. If you get a raise that bumps you to a higher tax rate, it only applies to the income you make OVER the new limit. For instance if you make 46k your federal rate is 12%. If you get a raise to 50k your rate is now 22%, because income over $47,150 is taxed at that rate. So you get taxed at 22% on $2850 of your income (50,000 minus 47,150), and the rest is taxed at the lower rate.

 

[Absolut]

folks equating billionaires to some guy making 415k this is absolutely asinine to be taxing like that on someone making that level of income

 

[Mowgli]

revolutionary tech is publicly funded,

They need a more balanced tax policy to keep everyone happy. Gutting the rich just leads to government coups and bank debt once the rich flee because socialists don't know how to generate revenue with ideas. You can't tax your way to a utopia. You have to let people profit from their ideas and apply enforceable across the board taxes whole having safety nets to allow poor people to get some skin in the game

 

[MoshpitMazi]

Who cares how much a few people make. Jeff bezos being rich doesnt effect your life. Youre focused on the wrong thing

The things that effect your life is rent/mortgages going from 10-20% of your salary to over 50%. Car payments being the highest in history. All these subscription services that didnt exist before just to amount to same shyt but more expensive than cable. Cost of goods and food being high. Cell phone/utility bills/cost being high.

Look at the government before you look at individuals profiting off the government mistake.

Example: you would be mad that the CEO of disney is making millions right? Tax him high, right? He wouldnt even make that much if the government would step in and stop Disney from accepting more debt than theyll ever be able to pay in our lifetimes. Disney is currently 50 billion in debt. Theyre making bidding offers on top of that for the nba package (a % of of 76 billion). They shouldnt be allowed to bid on the nba package because its a debt theyll never be able to pay. 1 company alone is going to be 100 billion in debt.

NBA is not worth 76 billion tv rights. Its fake money. Monopoly the game money. But because the government allows the nba to entertain Disney ridiculous offer that they don’t realistically have the money for and will never will have, it excludes smaller corporations from bidding, in return driving the bid price up.

Due to this, it allows players to get new huge contract deals ($400 million for 5 years now). Which drives the price of the tickets up cause the owners need to make that money back until they see residuals from the tv deal.

You know the only people getting fukked on this deal? Us. The public. Because now tickets, parking, food, drinks are going to go up in price because the government is going to allow 1 corporation (disney) buy something with money they dont and will never have.

This is a government/corporation issue. Not a tax the rich issue.

Im sure someone smarter than me can articulate the point im trying to make better but hopefully you get the general idea of how fukked the government allows the regular people to get.

These are things the general public should worry about. Everything is too damn expensive. A few people being rich dont effect your day to day.

Shut up faggit all this shyt I didn't read.

You a niners fan

It's 9am and you got my shaft in yo mouf , get some breakfast first.

Maybe a coffee

 

[the cac mamba]

they're just gonna fukkin leave

 

[RamsayBolton]

 

[IIVI]

Let me just say this, Louis Vuitton CEO net worth was $211 billion last year.

It's $233 billion right now in 2024. This dude made $20 billion and it hasn't been a year.

$20 billion. Read my last post to get a scale of what that is.

 

[DJSmooth]

People lack critical thinking skills is why they don't make much money.

Taxing a millionaire 91%? Wouldn't they just leave the country to another one? Why would you do that.

A lot of rich people have multiple passports.

 

[the cac mamba]

All for it.

I seriously don't know if people understand how much a billion dollars is.

this would reduce, say, dudes making 20 mil a year in the NBA to making 1-2 million. it's fukking stupid

 

[BaggerofTea]

Im for the wealthy being held accountable, but i know i would bounce if I was making a million plus a year subject to a 90 percent tax.

I think targeting corporate tax and capital gains is a better move to be honest