Saturday, December 29, 2012

Depardieu wins! - Fox News: "French panel overturns 75% upper tax rate, saying it's excessive."  Check this out: the council said the tax was "unfair" and "would do little to stem the country's mounting fiscal problems."  Crazy, I know.


Why start? said...

IWhenever you can't utterly solve a problem with one shot, then it's not worth doing incrementally.

Eric said...

I agree: can we cut back spending from its post-WWII record level? Incrementally? we can't.

Jacques Itch said...

The French tax hike was ruled unconstitutional not because such a rate cannot stand, but because of a legal hitch in the wording. As written, it applies to individuals rather than to household income. The government has already announced that a reworded tax hike will be passed in January.

In other words, plus ça change, plus c'est la même chose. Even so, this delay of a few weeks represents the greatest strategic French victory in living memory.