French supreme court declares 75 percent tax increase unconstitutional
Some good news has taken place in France (Hat tip: Newsbusters), as the supreme court overturned Francois Hollande's tax hike plan:
PARIS (AP) -- Embattled French President Francois Hollande suffered a fresh setback Saturday when France's highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair.The government will try again to resubmit their dopey effort to hurt people's hard earned wealth, but for now, this might be a good omen that'll stem the tide of people looking to take their business elsewhere, and also encourage some of the richer citizens like Gerard Depardieu to come back.
In a stinging rebuke to one of Socialist Hollande's flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over €1 million ($1.32 million).
Labels: France, Moonbattery, political corruption
