{"id":8348,"date":"2012-07-05T15:49:50","date_gmt":"2012-07-05T19:49:50","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=8348"},"modified":"2020-09-25T05:15:47","modified_gmt":"2020-09-25T09:15:47","slug":"france-doubles-down-on-stupid","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=8348","title":{"rendered":"France doubles down on stupid"},"content":{"rendered":"

We all love to make jokes about the cheese eating surrender monkeys known as the French. I\u2019ve done it myself<\/a> on occasion. Ok, many many occasions. The problem is, the French make it so simple to laugh at them.<\/p>\n

<\/p>\n

Now, they have decided to commit national financial suicide. Recently the French voted out President Nicolas Sarkozy ((Nicolas Sarkozy<\/a>)) and replaced him with a complete idiot by the name of Fran\u00e7ois Hollande ((Fran\u00e7ois G\u00e9rard Georges Nicolas Hollande<\/a>)). Hollande is a socialist and has stated that \u201cI don\u2019t like the rich.\u201d<\/p>\n

France is basically bankrupt like most of the big spending western nations. (I include the United States in this) France\u2019s answer to it\u2019s financial problems was to double down on stupid and vote in big spending socialists who have no real idea how the free enterprise system works. Of course, that hasn\u2019t stopped them from getting rich.<\/p>\n

Let\u2019s take the new president, Hollande. He is a classic Limousine Liberal ((What is a Limousine Liberal?<\/a>)) or as they call them over there, Champagne Socialist. Basically he has his and he wants to make sure no one else can get theirs. So what is Hollande\u2019s \u201cGreat New Economic Plan?\u201d He has lowered the retirement age for some people from 62 to 60. The reason for this is that the big crybabies started screaming, ranting and raving about working an additional 2 years. Originally Sarkozy raised it to 62 to try and stave off the bankruptcy of the system.<\/p>\n

Not content with starting the total collapse of the French retirement system, Hollande is now increasing taxes on the most productive, (relatively speaking), members of France. Here\u2019s a few details from Reuters<\/a>:<\/p>\n

France’s new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.<\/p><\/blockquote>\n

As you might expect, this is going over like a lead balloon. Here are a few comments from the Financial Times<\/a>:<\/p>\n

More than the 75 per cent rate, it is a move to higher wealth and inheritance taxes that worries him \u2013 and what he perceives as a cultural hostility to the rich. \u201cThe anti-wealth rhetoric is just not encouraging. I\u2019d rather be in a country where I don\u2019t have to deal with that,\u201d he says.<\/p>\n

It is not just expatriates who are concerned. Henri de Castries, head of Axa, the insurer, is one of France\u2019s most respected business leaders. \u201cI\u2019ve listened to Mr Hollande. He wants to see more growth and lower unemployment. He wants to see business prospering. We want to see that, too,\u201d he says. \u201cThe question is how to achieve these goals? There is no example, in modern economic history, of a country that has succeeded in reducing its deficits by bringing taxes to a confiscatory level. On the contrary, it leads to a decline in activity, and an increase in the deficits.\u201d<\/p><\/blockquote>\n

Needless to say, other European countries are salivating at the impending destruction of France\u2019s economy. They are looking to get all the refugees and their money into their economies.<\/p>\n

The UK prime minister last month riled France\u2019s new Socialist government when he declared he would lay on a five-star welcome for anyone moving to London to avoid the tax re\u00adgime promised by President Fran\u00e7ois Hollande \u2013 including his election pledge of a 75 per cent marginal rate on incomes above \u20ac1m a year.<\/p><\/blockquote>\n

Great Britain has their own problems, but they are beginning to see that following France into the abyss might not be a really good idea. So, just how bad are the finances in France? Back to Rueters:<\/p>\n

The budget followed a grim assessment of public finances on Monday by the state auditor, which warned that 6-10 billion euros of deficit cuts were needed in 2012 and a hefty 33 billion in 2013 for France to avoid a surge in public debt dragging it into the centre of the euro crisis.<\/p>\n

One of the highest state spending levels in the world has raised France’s debt by 800 billion euros in the last 10 years to 1.8 trillion – equivalent to 90 percent of GDP, the level at which economists say debt starts to hinder economic growth.<\/p><\/blockquote>\n

And massive looting of the private sector is going to fix all this how? Shouldn\u2019t they be cutting spending instead of increasing it?<\/p>\n

Budget Minister Jerome Cahuzac said that, while the initial focus this year was on tax rises for the wealthy, the government would progressively rein in its expenditure from 2013 onwards.<\/p>\n

“Cutting spending is like slowing down a supertanker: it takes time,” he told Reuters.<\/p><\/blockquote>\n

No actually, it doesn\u2019t. You simply stop spending money you don\u2019t have. Of course Hollande and the other socialists don\u2019t see it that way.<\/p>\n

Mr Hollande insists it is only fair that the wealthy and big companies shoulder a large part of the fiscal burden. It is an important argument if he is to retain support, particularly within strongly anti-austerity Socialist ranks, for the public spending cuts and broader tax increases needed to haul down France\u2019s debt, which is set to exceed 90 per cent of gross domestic product this year.<\/p><\/blockquote>\n

Hay dumbass! Let me try to explain a few things to you. If you start raping the wealthiest sectors as well as the producers, you\u2019re going to end up with a lot less then you think. People are already leaving your little Marxist paradise.<\/p>\n

The president has always been clear that the 75 per cent tax rate, which he says will affect only 3,000 households, is much more important as a symbol to deter excessive executive pay than as a revenue-raising measure. But James Johnston, private client lawyer and head of the French group at London-based Bircham Dyson Bell, expects the increase to lead to the departure of wealthy French citizens to the UK, Switzerland and Belgium.<\/p>\n

\u201cFrance already has one of the highest tax rates for high-net-worth individuals. A 75 per cent top rate of income tax would bring the total theoretical marginal rate of tax, with everything added in, up to 90 per cent. This is a rate that the rest of the world is not resorting to.\u201d<\/p><\/blockquote>\n

As Margaret Thatcher once said, “The problem with socialism is that eventually you run out of other people’s money.” France is broke and the useless layabouts are chowing down on the seed corn. France is a beautiful country with fine wines, great food, wonderful museums with magnificent artworks. The only problem with France is the French. The French are always right there when they need us. This time, we won\u2019t be bailing them out. They might end up begging the Germans to come in and conquer them again. I don\u2019t think the Germans will be paying another extended visit this time. We might make them keep France.<\/p>\n

For the rest of us, watch what\u2019s happening in France and consider that we are well on our way to duplicate their abject failures. It isn\u2019t to late to stop it and reverse course. We just need to get rid of Democrats and RINO\u2019s. (Impeaching 5 Supreme Court justices will also be a big help)<\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/strong><\/em><\/p>\n\"1\"2\"3\"4\"5 (1<\/strong> votes, average: 1.00<\/strong> out of 5)
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We all love to make jokes about the cheese eating surrender monkeys known as the French. I\u2019ve done it myself on occasion. Ok, many many occasions. The problem is, the French make it so simple to laugh at them. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[100,71,8,115],"tags":[15,8,24,34,64],"class_list":["post-8348","post","type-post","status-publish","format-standard","hentry","category-moonbat","category-news-of-the-day","category-politics","category-stupidity-crime","tag-incompetence","tag-politics","tag-socialism","tag-stupidity","tag-taxes"],"views":1565,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":22758,"url":"https:\/\/angry.net\/blog2\/?p=22758","url_meta":{"origin":8348,"position":0},"title":"More French threats against America","author":"Angry Webmaster","date":"November 21, 2016","format":false,"excerpt":"Good day all. This post ties in nicely with my previous one on the stupidity of the French. In the previous post, the president of France, Francois Hollande announced that Trump would not be allowed to scrap the recent climate deal.","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"Flying pig","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2014\/04\/Flying-pig-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16474,"url":"https:\/\/angry.net\/blog2\/?p=16474","url_meta":{"origin":8348,"position":1},"title":"France planning to surrender to Global Warming","author":"Angry Webmaster","date":"November 17, 2014","format":false,"excerpt":"Good day all. I saw this story over the weekend. The French president, Francois Hollande, said that if we don\u2019t immediately surrender to Global Warming, there will be war!","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"green-kool-aidman","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2014\/02\/green-kool-aidman-273x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22862,"url":"https:\/\/angry.net\/blog2\/?p=22862","url_meta":{"origin":8348,"position":2},"title":"So much for President Hollande","author":"Angry Webmaster","date":"December 2, 2016","format":false,"excerpt":"Good day all. Time for a little change up on the political scene. It looks like France will be getting a new president. The current French President, Francois Hollande has decided that he won\u2019t run for reelection. For the record, I know pretty much what every American does about French\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"surrender-monkey","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2014\/07\/surrender-monkey-300x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22752,"url":"https:\/\/angry.net\/blog2\/?p=22752","url_meta":{"origin":8348,"position":3},"title":"France thinks they can dictate to Trump","author":"Angry Webmaster","date":"November 21, 2016","format":false,"excerpt":"Good day all. As Der Fubar continues on his final apology tour, it\u2019s dawning on many world leaders that President Trump isn\u2019t going to play ball with them. Currently, we have France\u2019s president, Francois Hollande, telling Trump that he\u2019s stuck with Obama\u2019s climate plan.","rel":"","context":"In "Global Warming"","block_context":{"text":"Global Warming","link":"https:\/\/angry.net\/blog2\/?cat=43"},"img":{"alt_text":"surrender-monkey","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2014\/07\/surrender-monkey-300x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24089,"url":"https:\/\/angry.net\/blog2\/?p=24089","url_meta":{"origin":8348,"position":4},"title":"Le Pen vs Macron","author":"Angry Webmaster","date":"April 23, 2017","format":false,"excerpt":"Good day all. The French polls have closed and it\u2019s a nail biting upset. It appears that the establishment types in France have been Trumped by Marine Le Pen and Emmanuel Macron. The results are preliminary, but the French Conservative candidate, (Which in the United States would put him far\u2026","rel":"","context":"In "Entertainment"","block_context":{"text":"Entertainment","link":"https:\/\/angry.net\/blog2\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2014\/07\/surrender-monkey-300x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16979,"url":"https:\/\/angry.net\/blog2\/?p=16979","url_meta":{"origin":8348,"position":5},"title":"Once again, Obama supports radical Islam","author":"Angry Webmaster","date":"January 12, 2015","format":false,"excerpt":"Good day all. The subject line is rather nasty, and by rights should be in the tin foil hat section. However, I don\u2019t know what else to make of Obama\u2019s refusal to go to the French rally held Sunday against radical Islam. (As if there\u2019s any other kind)","rel":"","context":"In "Moonbat"","block_context":{"text":"Moonbat","link":"https:\/\/angry.net\/blog2\/?cat=100"},"img":{"alt_text":"muhammed","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2015\/01\/muhammed-300x269.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/8348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8348"}],"version-history":[{"count":8,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/8348\/revisions"}],"predecessor-version":[{"id":31757,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/8348\/revisions\/31757"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}