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Sunday, December 30, 2012

French Constitutional Court Strikes Down 75% Millionaire Tax, Finds It "Unfair"

French Constitutional Court Strikes Down 75% Millionaire Tax, Finds It "Unfair"

In a crushing blow to socialism, wealth redistribution and purveyors of the "fairness doctrine" (as defined here first) everywhere, the French Constitutional Council ruled on Saturday that Hollande's brilliant idea to tax millionaires at a 75% tax rate - a move which has since seen numerous millionaires leave France and move to Belgium - is unconstitutional. http://www.zerohedge.com/news/2012-12-29/french-constitutional-court-strikes-down-75-millionaire-tax-finds-it-unfair

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