They should do this in America..THAT will be alot faster way to get out of recession

How would it help?

According to the link:

"Hollande has said the new tax is 'symbolic'... "

"The tax is not ultimately expected to be a big money-maker..."

"The initial tax proposal also prompted famous French actor Gerard Depardieu to take up Russian citizenship to protest against the tax."
 
tax the riches? why? that's ridiculous. taxing the riches doesn't work and has never worked. it prolongs recession.

fastest way to get out of recession? start spending.
 
Jiro said:
tax the riches? why? that's ridiculous. taxing the riches doesn't work and has never worked. it prolongs recession.

fastest way to get out of recession? start spending.
Click to expand...

thing is, thats how most places get into recession -over spending...
 
Manufacture goods here in the good ole USA. I think it will make folk spend more. National pride and all that, you know.
 
Beowulf said:
Manufacture goods here in the good ole USA. I think it will make folk spend more. National pride and all that, you know.
Click to expand...

U nailed it in the head.
 
Sure, manufacturing left simply to get cheap labor. why almost everything is affordable is due to the slave labor in china ect used to produce the fancy shit we buy. if iphones or what ever toasters where made here they would not be affordable. not for me anyway. and will u and most be then able to afford the goods? it seems ot me if we want manufacturing to stay in north America and or the rest of first world then we wont be able to afford them at the prices they will be set.
its not as easy as keep industry. fine lets keep it but who will work at slave wages to keep products cheap enough to be sold.......
until then companies will go to where they can have the stuff produced cheap so they can sell it to us.
sad but thats how i see it. im open to learning i'm no economist.
 
$$$$ to $

Jiro said:
tax the riches? why? that's ridiculous. taxing the riches doesn't work and has never worked. it prolongs recession.

fastest way to get out of recession? start spending.
Click to expand...
Start spending with what? Trickle down economics - opposite of taxing the rich (Reagan era) - was b.s., too.
 
Ah, love this one!

hoichi said:
Sure, manufacturing left simply to get cheap labor. why almost everything is affordable is due to the slave labor in china ect used to produce the fancy shit we buy. if iphones or what ever toasters where made here they would not be affordable. not for me anyway. and will u and most be then able to afford the goods? it seems ot me if we want manufacturing to stay in north America and or the rest of first world then we wont be able to afford them at the prices they will be set.
its not as easy as keep industry. fine lets keep it but who will work at slave wages to keep products cheap enough to be sold.......
until then companies will go to where they can have the stuff produced cheap so they can sell it to us.
sad but thats how i see it. im open to learning i'm no economist.
Click to expand...
Right on. When my dad (an econ) died, we got an email from a well known economist. It was nice that we got the condolence but the guy was in China looking for investments. 1. I don't think my dad would've been part of that because he was very pro middle-class 2. I would've been able to get p.o.'d at him if he went to China to do that. Instead I got p.o.'d at the friend. Nothing lost, nothing gained.

Anything that can be outsourced has been or will be. Look at what's happening to us. As a test manager in IT, I could not find American testers for the low pay offered (and my groups ultimately consisted of people from overseas). My project manager got mad at me for taking so long to build a team but the resumes I got and phone interviews were a joke (resume lies that I had fun calling out). Happened in two companies. I did what I could.

It was manufacturing first/blue collar jobs in the 1990s. Then white collar jobs were badly hit. Corps. keep a minimal number of American faces (we are a melting pot but don't hit me for this) as working figure heads in the company.

Rambling ends.
 
Grummer, United States once had 91% tax rate for income during 1950's and it didn't work and they did sent us into long term economic problems, many corporations started outsourcing from that ERA.

During World War II, Congress introduced payroll withholding and quarterly tax payments. In pursuit of equality (rather than revenue) President Franklin D. Roosevelt proposed a 100% tax on all incomes over $25,000.[30][31] When Congress did not enact that proposal, Roosevelt issued an executive order attempting to achieve a similar result through a salary cap on certain salaries in connection with contracts between the private sector and the federal government.[32][33][34] For tax years 1944 through 1951, the highest marginal tax rate for individuals was 91%, increasing to 92% for 1952 and 1953, and reverting to 91% for tax years 1954 through 1963.[35]

Taxation history of the United States - Wikipedia, the free encyclopedia
France is looking for economic disaster that will come up eventually. And 75% tax rate in USA again? I don't think you can bet on it. Because if Uncle Sam decides to do so, companies that were planning to relocate back to the states MAY decide to drop it and can hurt America and at same time China would take advantage if US decided go that path. So, it won't happen.
 
AND imposing 75% tax on income is an excellent way to kill wealthy people's motivation to re-invest and expanding economically.

Best way to approach is non-reinvestment tax, meaning if anyone who has money and not willing to reinvest to help country economy expanding would have higher tax imposed on them.
 
i dont read it. sorry

FatCatPC-EstateTax.gif
 
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