The French social security system - Summary of rates and ceilings of Social Security and unemployment contributions
You will notice the numbers are no where near what you claim and much closer to what I claim. In fact I was in error.. my 8% was only for pensions... social security is lower.
Read your own link. The numbers you provided are no where close to 8%. And sorry pensions are part of social security. But for rich people they do not matter because of the cap. You need to add them together which will give me 9% on the employee side, and about 21% on the employer side. That is 30% for very rich people and much higher for the not so rich. Also, thanks for the link. Now I have an accurate figure for French social security for the very rich, which is 30%.
And why exactly should we not include the pension? The pension is not a private program. The government is using the pension to pay down their debts.
And how many times do I have to point out... it is all about how much you have to live off.. it is the whole idea behind a progressive tax system. The burden is shifted to those that can afford it better. People could give a rats ass about how much a guy earning a million a year has left over to live off.. because they know he will have many many times more than they will have.
I give rat ass about how much the rich have left over to live on. But that doesn't mean a 90% tax rate would be favorable. It has nothing to do with what rich people can live off, because no one feels bad that a rich person can only have 500K euro instead of 1500K euro. That is only a strawman from intellectually challenged liberals.
What is about is the country. If taxes are too high, then rich people will choose to reside somewhere else or invest their money differently. That means less tax income and less investment as many rich people tend to invest more in their home country. It is easier to understand and follow up your business.
Social security is under 8%. Check my link.
No it isn't, and your own link disagrees with you.
I come from Scandinavia, so I know very well what the tax burden is there. No we dont have a 75% tax rate, but we do have an almost 60% tax rate on incomes over a certain amount. On top of that we have 20+% VAT, environmental taxes and so on and so on.
That is still much lower than France. Yes taxes may be about 55% and there is a 25% GST. But the 25% GST doesn't matter because they are spending all their income. However in France the taxes are 85%. I much rather keep 45% of my income, than to keep 15% of my income. In Scandinavia you can keep 3 times as much of your income.
Reason people dont invest in France is its labour laws, not its taxes. Denmark has plenty of international investment and our taxes are high... but our labour laws are some of the best on the planet and even more "free" than for example the US.
There are different kinds of investment. International investment in France is low due to labour laws, and high costs of employees due to taxes.
But domestic investment which is more important than international investmen are also low because of labour laws
and taxes. What is the point of creating your own business if it is nearly impossible to earn money? Hence business creation in France is extremely low and France is stagnating.
So why is there not massive investment in countries that does not discourage investment? Places like the US.. the rich there have the lowest tax rates ever and that according to you should mean they are investing massively and unemployment should be near zero..
What makes you think US is a nirvana for investment. US is only good place to invest for big companies. For small companies US sucks because of the court system. A big company can screw you over, and you have no hope winning in court, because it is too expensive and takes too much time. Also, big companies get tax breaks from the government which gives them an unfair advantage.
However, US is doing better than Europe. US unemployment has gone from 10% in early 2010 to 7.7%. EU in the same period went from 9.7% to 10.7%. US has created 5 million jobs in that period, EU is losing jobs.
Only one denying reality is you and your comrades that give the wealthy and corporations a free ride while putting the burden on the poor and middle class.
And in the end it is all irrelevant.. since Depardieu is now a Russian citizen, and has to have a workpermit and visa to even stay in the EU.. and that can easily be revoked.
Except my kind of policies is working much better for the middle class and the poor than your kind of policies in Europe. I am not giving the wealthy and the corporations a free ride, but instead of fighting against them and making yourself poor in the process, I am using them to our advantage. You can't fight against the markets when there are fundemental reasons for your polcies not working. A max price on goods do not lead to low prices, but shortages. Pushing the wages up higher than the market do not lead to higher wages, but higher unemployment and inflation. If it is only done in the government sector it will lead to uncontrollable deficits.
Look at how Australia is doing compared to Europe. Australia's policies are very similar to mine, except I want more state driven investment like in Asia. And I truly believe that the middle class and even the poor are doing much better in Australia than in France.