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KEEP ON TAXING…

By David Vance On August 24th, 2013

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Zut alors but the French socialists think that MAYBE they cannot tax anymore!

 

France’s Socialist government has admitted that the country cannot cope with any further tax rises and promised no more hikes just days ahead of the country’s largest ever tax bill.

Ah, “just days ahead of the country’s LARGEST ever tax bill”!!!
What that REALLY means is that they are pretending they won’t raid any further  — until the dust settles. Since coming to power…
Mr Hollande’s government introduced over 7 billion euros of fresh taxes after coming to power in May 2012 and another 20 billion euros in the 2013 budget. In next year’s budget, the government says spending cuts will account for more than two thirds of the total deficit-reduction effort. But there will still be around six billion euros in new taxes.
Thatcher got it right when she said
“The problem with socialism is that eventually you run out of other people’s money [to spend].”
So it is in France. They voted in Socialists and all they know how to do is TAX.

3 Responses to “KEEP ON TAXING…”

  1. “The problem with socialism is that eventually you run out of other people’s money [to spend].”

    And with socialism all but a thing of the past the banks now fulfil that role. And they are much better at it too.

  2. “France’s Socialist government has admitted that the country cannot cope with any further tax rises ..”

    And with that, Paris has reached where all governments aim to be eventually. This idea that taxes are needed “to build the roads” etc is complete drivel. The one and only point of “taxes” is to confiscate wealth from the people, and governments will take as much of it as they can possibly get away with.

  3. Latest data suggests that France is heading back into recession. There has been no growth to speak of since Hollande was elected on a promise to get the economy growing on the back of “soak the rich” taxes. It’s not going to end well.