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Mon Jul 9, 2012, 11:54 AM

Told you so: France is totally fucked from raising taxes on the wealthy. [View all]

First their new (confessed!) Socialist president raised taxes on foreign-owned second homes.

As if that wasn't awful enough, he next set a $565,000 per year pay cap for executives in state-owned companies. I don't know how very important people can live on that.

So instead of austeritying the peasantry as reasonable Progressives know we need to do, Hollande is waging class warfare on France's job creators, and now the chickens have come home to roost!

The invisible bond vigilantes have arrived!

In today's auction of French bonds, yields dropped to negative rates. Because of Hollande's moves, borrowers are pretending that they now have so much confidence in being repaid that they are actually paying France for the privilege of lending France money. Of course, this is just a trick to get the French to borrow more money than they can ever hope repay, thus making big profits for the banks.

Silly Socialists!

Austerity now! Austerity forever!

Best regards,

Third-Way Manny

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Reply Told you so: France is totally fucked from raising taxes on the wealthy. [View all]
MannyGoldstein Jul 2012 OP
RagAss Jul 2012 #1
Vidar Jul 2012 #2
Jackpine Radical Jul 2012 #3
Larry Ogg Jul 2012 #65
rational_democrat Jul 2012 #4
coalition_unwilling Jul 2012 #7
TrollBuster9090 Jul 2012 #26
closeupready Jul 2012 #48
Go Vols Jul 2012 #85
AleksS Jul 2012 #89
TrollBuster9090 Jul 2012 #92
Red Crow Jul 2012 #83
L0oniX Jul 2012 #13
Gin Jul 2012 #24
Inuca Jul 2012 #35
dmr Jul 2012 #64
Hassin Bin Sober Jul 2012 #33
coalition_unwilling Jul 2012 #5
Brickbat Jul 2012 #6
mlevans Jul 2012 #9
Brickbat Jul 2012 #12
Tigress DEM Jul 2012 #34
chervilant Jul 2012 #8
pscot Jul 2012 #10
Ruby the Liberal Jul 2012 #11
SDjack Jul 2012 #14
L0oniX Jul 2012 #15
Zalatix Jul 2012 #16
SammyWinstonJack Jul 2012 #38
GreenPartyVoter Jul 2012 #53
TBF Jul 2012 #17
Fumesucker Jul 2012 #18
pampango Jul 2012 #19
Rain Mcloud Jul 2012 #20
AlbertCat Jul 2012 #21
DirkGently Jul 2012 #22
sabrina 1 Jul 2012 #23
Fuddnik Jul 2012 #25
TrollBuster9090 Jul 2012 #27
Arugula Latte Jul 2012 #28
rhett o rick Jul 2012 #71
JDPriestly Jul 2012 #29
dipsydoodle Jul 2012 #30
TBF Jul 2012 #61
AllyCat Jul 2012 #86
Autumn Jul 2012 #31
Rabid_Rabbit Jul 2012 #32
Hassin Bin Sober Jul 2012 #36
dipsydoodle Jul 2012 #43
Hassin Bin Sober Jul 2012 #55
dipsydoodle Jul 2012 #57
Tigress DEM Jul 2012 #37
Egalitarian Thug Jul 2012 #39
Dokkie Jul 2012 #62
AdHocSolver Jul 2012 #82
FlaGranny Jul 2012 #88
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me b zola Jul 2012 #40
nadinbrzezinski Jul 2012 #41
99Forever Jul 2012 #42
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Zorra Jul 2012 #45
pa28 Jul 2012 #46
Liberal_Stalwart71 Jul 2012 #47
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nolabear Jul 2012 #50
BlueCaliDem Jul 2012 #51
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FrodosPet Jul 2012 #73
xchrom Jul 2012 #54
Spitfire of ATJ Jul 2012 #56
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Melissa G Jul 2012 #59
retread Jul 2012 #60
midnight Jul 2012 #63
fascisthunter Jul 2012 #66
Starry Messenger Jul 2012 #67
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hay rick Jul 2012 #70
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Ghost Dog Jul 2012 #90
MannyGoldstein Jul 2012 #80
joshcryer Jul 2012 #84
Agony Jul 2012 #75
newthinking Jul 2012 #76
WillyT Jul 2012 #79
suffragette Jul 2012 #81
a2liberal Jul 2012 #87
Fantastic Anarchist Jul 2012 #91