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Thread: Actor Renounces His Citizenship in Snit Over French Tax Burden

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    Sv: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Grant View Post
    An individual has, or should have, the freedom to buy whatever he wants if the value is there. Obviously Depardeau feels the money he has to pay to live in France is no longer worthwhile. If it is the same in Belgium then he might move again.

    Unless countries compete for people who create wealth they will have lower standards of living. We need these creative people just like we need all skilled people in order to make a better society. Now the French have lost several million dollars from this one person, have brought negative publicity on themselves once more, and have had a famous personality make a more public statement than others who have been doing the same thing for a while. The same holds true of people from Italy, the UK, and Germany as well as others from Western Europe who flee the high taxes and the stifling rigidity of the cultures they're leaving behind.
    1. He and his supporters have yet to provide any evidence showing he actually earns more than 1 million Euros a year in payroll earnings.

    2. He is "fleeing" one of the best healthcare systems in the world and considering recent pictures from Rome airport of him being wheeled around in a wheelchair, then one has to question his sanity even more. He is either very sick or more likely too fat to walk.

    3. Can you provide proof that wealthy people are fleeing those nations you mention? Actual numbers that is?
    PeteEU

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    Re: Sv: Actor Renounces His Citizenship in Snit Over French Tax Burden

    How could anyone dispute stories like this? Look at the huge numbers of people and businesses leaving California because of the taxes.

    Here is a Wikipedia site that should be required reading for all liberals: South Bronx - Wikipedia, the free encyclopedia

    It describes the decline and destruction of the South Bronx by liberal government policies.

    We are now seeing this same pattern on a statewide/nationwide basis in the United States and around the world. I note that in the past six months, Wikipedia has removed the sentence in the South Bronx history recital that stated as the demographics began to change, the monetary burden and responsibility for the South Bronx was seen as fairly shifting almost entirely to the white residents. Predictably, those people all left because of this "Social Justice."

    Ridicule flight by the economic producers at your own peril.
    Last edited by Ray410; 12-27-12 at 04:01 AM.

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    Re: Sv: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Ray410 View Post
    How could anyone dispute stories like this? Look at the huge numbers of people and businesses leaving California because of the taxes.
    Often promoted by right wing blogs and media outlets with no actual factual documentation to back it up. That is the problem with these "rumors"...that often start when one person of influence decides to leave... but no one mentions that others are coming too. And like it or not, California is still a great place to live.. far better than the "low tax states" of Texas and elsewhere, where freedom is a bad word.

    And France/Europe aint the US.. we have a very different view on taxes over here. And as stated many times before, this tax in France hits about 2000 people and is pure PR.. much like the balanced budget crap in Texas.

    Here is a Wikipedia site that should be required reading for all liberals: South Bronx - Wikipedia, the free encyclopedia

    It describes the decline and destruction of the South Bronx by liberal government policies.
    Wait a minute. Has the GOP not been in power in New York for the last 12 years? Or are you blaming the "decay" on the dems of the past?

    We are now seeing this same pattern on a statewide/nationwide basis in the United States and around the world. I note that in the past six months, Wikipedia has removed the sentence in the South Bronx history recital that stated as the demographics began to change, the monetary burden and responsibility for the South Bronx was seen as fairly shifting almost entirely to the white residents. Predictably, those people all left because of this "Social Justice."

    Ridicule flight by the economic producers at your own peril.
    More horse**** from the right. All cities, left or right run, run into situations like in the Bronx. Times change, and cities/towns become less attractive for many different reasons... crime, violence, no jobs, industries moving on and so on and so on. The wild west is riddled with "right wing" (since pretty much everyone was right wing back then) ghost towns that died.

    At the end of the day taxes often have very little to do with the situation... it is other rules and regulations and attitudes that have a far far larger impact.
    PeteEU

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by PeteEU View Post
    And Conservatives dont understand that stuff needs to be paid for and everyone has to contribute.

    Plus no one is sucking a person's wealth away.. it is temporary plus for only incomes over 1 million euros.. that is 1.3 million dollars.. everything under is taxed normally and if you cant live off 999.999 euros, then you seriously have a problem.
    First off there is another tax called social security that is extremely high in France. The 75% tax rate is actually a 85% tax rate and the 41% tax rate is actually a 65% tax rate. There was a reason tax rates were not that high in France before Hollande.

    But then the biggest misconception. You seriously think he and others leave because they don't think they can live off 1 million euro? One thing that leftist don't get is that rich people invest most of their money to get more money and that is in most cases a good thing. They don't invest their money one time, and then spend the rest on luxuries.

    So why do they leave? Because if you have a capital of 4 million euro and you want to invest that with the potential to earn -2 to 8 million euro. Then after taxes in France you will get -2.5 to 1 million euro left. If you invest those money in Switzerland, then you may get -2.2 to 5 million euro left. Which country is the better choice to invest? Actually if you just want to do nothing and live a luxurious life, there is no reason to leave. France has a more taxes than Belgium, but you can stay in your homeland with your family.

    French policies is giving the rich people the incentive to either stop investing in France and just live off capital, or leave. That is not a recipe for success.
    Last edited by Camlon; 12-27-12 at 04:45 AM.

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Camlon View Post
    First off there is another tax called social security that is extremely high in France. The 75% tax rate is actually a 85% tax rate and the 41% tax rate is actually a 65% tax rate. There was a reason tax rates were not that high in France before Hollande.
    The upper tax rate before Hollande was 41% for incomes above 70k. The new taxes are 45% on incomes over 150k... so in fact many people get a freaking tax CUT!

    And yes social security tax is "high"..... it is 8%. Everyone pays this regardless of income.... even the rich ironically since investments are taxed by 12.1%... which is brilliant.

    But then the biggest misconception. You seriously think he and others leave because they don't think they can live off 1 million euro? One thing that leftist don't get is that rich people invest most of their money to get more money and that is in most cases a good thing. They don't invest their money one time, and then spend the rest on luxuries.
    As I stated before, I think the 75% tax rate is idiotic and pure PR. As for wealthy people leaving and not being able to live off 1 million euro.. considering they are not paying 75% taxes on the 999999 then I doubt they will have any problems. Remember the tax is for payroll incomes over 1 million euros.. and most wealthy dont get payroll income over 1 million euros... they get capital gains or stocks... which is taxed at a much lower tax rate.

    Fact is the biggest misconceptions are being promoted by people like you for partisan political reasons and the actual facts are glossed over as irrelevant.. and that is pathetic.

    So why do they leave? Because if you have a capital of 4 million euro and you want to invest that with the potential to earn -2 to 8 million euro. Then after taxes in France you will get -2.5 to 1 million euro left. If you invest those money in Switzerland, then you may get -2.2 to 5 million euro left. Which country is the better choice to invest? Actually if you just want to do nothing and live a luxurious life, there is no reason to leave. France has a more taxes than Belgium, but you can stay in your homeland with your family.
    More bull****. Investment in a country is rarely dependent on taxes of said country.. it is a myth. If so, then all investment would have stopped in Scandinavia.. and in fact that is the booming part of the industrialized world.

    French policies is giving the rich people the incentive to either stop investing in France and just live off capital, or leave. That is not a recipe for success.
    Hogwash. The rich/corporations will always have ways of avoiding taxes as long as we have the tax systems we do now, and as long as both the left and the right dont do anything about tax evasion. I will not cry one tear about a multi-millionaire who boo hoo pays lower % tax rate than the rest of the population because he gets most of his taxable income from capital gains. And as it is, the "rich" rarely invest in anything that is job creating.. they are sitting on their wealth and let the banks (who also suck) do the investing and demand bail-outs when the banks loose their wealth.

    Sorry but this fake outrage about a mystical 75% tax rate for a very few people is... pathetic.
    PeteEU

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Rainman05 View Post
    The article is a bit buggy but yes, Gerard will not longer be contributing to the French treasury. Not that it matters. It is one of few people. And it is not like Gerard was using his money to invest in companies and create wealth. he is not a wealth creator. He is just using his money to live a very, very comfortable life. Much like most of the retards in holywood or who get featured on MTV (moron TV). Most of them serve no purpose but to leech millions and provide crappy entertainment to the masses.
    Why the hell would anyone invest in a pseudo-capitalist/pseudo-socialist economic model?

    Socialism is good for the sheep bad for the shepherd - that's why socialism fails and requires authoritarian leadership (communism) to exist for any length of time.

    I cannot blame anyone from running like a bat out of hell from even a pseudo-socialist/capitalist environment.

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Mr.Nick View Post
    Why the hell would anyone invest in a pseudo-capitalist/pseudo-socialist economic model?

    Socialism is good for the sheep bad for the shepherd - that's why socialism fails and requires authoritarian leadership (communism) to exist for any length of time.

    I cannot blame anyone from running like a bat out of hell from even a pseudo-socialist/capitalist environment.
    What is a pseudo-socialist/pseudo-capitalist economic model? I never heard of such a thing.

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Rainman05 View Post
    What is a pseudo-socialist/pseudo-capitalist economic model? I never heard of such a thing.
    It's redistribution of wealth.

    It's stealing money from the rich (who use capitalism to become rich) and taking most of it and giving it to the government so they can redistribute it via social programs.

    It's not exactly socialism or capitalism, yet it mimics the outcome of socialism.

    True Marxism is impossible to achieve.

    It's unbalanced Keynesian economics, it's economic fascism.
    Last edited by Mr.Nick; 12-27-12 at 10:24 AM.

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Mr.Nick View Post
    It's redistribution of wealth.

    It's stealing money from the rich (who use capitalism to become rich) and taking most of it and giving it to the government so they can redistribute it via social programs.

    It's not exactly socialism or capitalism, yet it mimics the outcome of socialism.

    True Marxism is impossible to achieve.

    It's unbalanced Keynesian economics, it's economic fascism.
    I don't think you know what you are talking about. You are either very confused or trying to ram too many things into something...

    You should know that welfare state is not a socialist concept. Nor is social security. Nor is universal healthcare... .and you should also know that European nations use the same economic model, the mixed economic model, as the US uses. France is not a socialist nation.

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    Re: Actor Renounces His Citizenship in Snit Over French Tax Burden

    Quote Originally Posted by Rainman05 View Post
    I don't think you know what you are talking about. You are either very confused or trying to ram too many things into something...

    You should know that welfare state is not a socialist concept. Nor is social security. Nor is universal healthcare... .and you should also know that European nations use the same economic model, the mixed economic model, as the US uses. France is not a socialist nation.
    No they're not socialist ideas hence I used the word(s) pseudo-capitalism/socialism.

    The idea mimics the outcome of socialism, at least monetarily/economically.

    It's really Keynesian economics with a socialist emphasis.

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