Paris seeks alternative to 75% tax
By Scheherazade Daneshkhu in Paris
France’s Socialist government is considering replacing its stricken 75 per cent top income tax rate on earnings above €1m, with a 65-66 per cent rate on households earning more than €2m.
The proposed new rate is working its way through the National Assembly as part of budget measures aimed at redressing France’s growing public deficit.
But it has come under fire from Christian Eckert, the Socialist head of the assembly’s budget committee, who said it did not fulfil President François Hollande’s emblematic manifesto promise.
In an interview with Le Monde newspaper published on Friday, Mr Eckert said: “It seems to me that we are in danger of losing two symbols: that of incomes above €1m and that of the 75 per cent rate, which will be dropped to 65-66 per cent.”
Socialist ideology has crashed into the wall of reality, yet some of the ideologues want to keep driving their ideology. This makes it pretty evident that the good of the nation - France in this case - is irrelevant, and that the true purpose is to hurt people (for now, those deemed “The Rich”, a very flexible term, and who knows who else might be on these Socialists’ enemies lists).