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the so called far right parties of europe like le pens party in france , berlusconis granddaughters in italy and the BNP in the uk , those parties are only to the right on social issues and of course on the issue of immigration , on economic matters , they are hard left , highly protectionist and vehemently opposed to globalization
Nice, maybe the cost of living in Paris/France will drop as well if they actually follow through, which I doubt (as I'm doubtful Hollande will impost a 75% tax on the wealthiest).
What's you logic for thinking he won't impose the tax?
47% of the country pays no FEDERAL income taxes, but they do pay local and state taxes, which include sales taxes, which are regressive.
The reason why this is the case is that inequality is so high that half of Americans are too poor to even pay any federal income taxes.
Your point being? High taxes = High GDP growth.
Let me give you an example.
Let's say you're the CEO of a company and made $1000 in profits.
You could take $500 for yourself and pay the 75% income tax rate, so you'd take only $125 home.
OR, you could reinvest $700 into the company (buy more capital, increase wages etc.), and keep $300, on which you would pay a 40% tax rate, and therefore keep $180 for yourself.
Now which one do you think stimulates the economy the most and is better for the overall population?
It really depends on how the money is USED.
In America a considerable amount of money is invested in emerging markets by corporations and wealthy individuals tend to invest more than they consume. It's one of the reasons that the economy in the United States in a slow growth mode.
She won't. She has one of the highest approval ratings for years. She is not going to go anywhere. The German people are greatly supporting her course in the EU debt crisis. They have no interest in bailing out their lazy neighbors.
CHANCELLOR Angela Merkel's coalition of Christian Democrats and pro-business Free Democrats suffered defeat in a state election being closely watched as a measure of support for Ms Merkel's coalition at the national level, which has suffered in opinion polls and faces a general election next year.
For Ms Merkel, the defeat of her local allies in Schleswig-Holstein state could be an omen of worse to come. Elections are due in North-Rhine Westphalia state - the country's most populous with 18 million inhabitants - where her party also risks losing power.
"We fell far short of the mark that had been hoped for," said Torsten Albig, the lead candidate for the Social Democrats.
The vote in Schleswig-Holstein produced no clear winner, but the centre-left opposition parties appear poised to form a coalition with a party representing the state's Danish minority.
While the established parties were working out how to form a coalition government, Germany's upstart Pirates party roughly quadrupled its share of the vote to above 8 per cent, securing seats in the legislature for the first time.
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