Friday, October 28, 2011

Wealthy French See Wish Come True: Pay More Taxes

Indeed those earning in excess of EUR250,000 will pay an extra 3-4% as per the French 2012 Finance Bill. They have probably asked for this after realising that their continued prosperity inextricably depends on average citizens having enough discretionary income to spend. And also because they are the ones who can shoulder the brunt of putting back national finances on a sustainable track.

The French are not alone: billionaire Warren Buffet too asked the US government, earlier this year, to make him pay more taxes. All of this comes after wealthy Germans requested Chancellor Merkel to raise their taxes two years ago when some of them found that they had a lot of money they didn't need.

4 comments:

akagugo said...

On why we should make sure large corporate entities effectively pay their dues and Mr Buffett's example: he even wrote an editorial asking for a raise in the effective tax rates on big earners. Not bad for a guy who regularly appears on the list of richest men in the world...

Sanjay Jagatsingh said...

Bill gates joins the rich who want to pay more taxes. He also told Christiane Amanpour (check the end of the clip) that he was not bothered by what Da Man said about him in the recently published biography.

Sanjay Jagatsingh said...

1 per centers from Gotham City want to pay more taxes too.

Sanjay Jagatsingh said...

The ultra-wealthy of Kensington have voted for Labour. In other words to pay more taxes.