January 01, 2013
Why Cheese Smells
(Paris, France) France's Socialist President François Hollande jacked up income tax rates to 75% and the Constitutional Council said no.
The tax rate had angered business leaders and prompted some wealthy French citizens to seek tax exile abroad, including actor Gérard Depardieu who recently took up residency in Belgium.Although President Hollande is a Marxist tool, he demonstrates the ability to see the obvious.
The Constitutional Council said in its ruling that the temporary two-year tax rate, due to take effect next year, was unconstitutional because unlike other forms of income tax it applied to individuals instead of whole households.
As a result, the council said, the tax rate "failed to recognise equality before public burdens".
President François Hollande said on Thursday that Islamist groups holding French hostages in Africa were not trustworthy….It's bothersome that any rational individual in the world would even be undecided about the intentions of Islamist terrorists, much less their truthfulness.