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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review December 18, 2012 / 5 Teves, 5773

Making the rich flee

By Tom Purcell




http://www.JewishWorldReview.com | Sheesh! Successful people in France are getting a lot of grief lately.

As it goes, socialist French President François Hollande has raised the tax rate on those earning more than $1.3 million to 75 percent.

Hollande has decided that $1.3 million is enough for the rich to be rich and they only need to keep 25 percent of their earnings beyond that.

The rich, however, are telling Hollande to pound salt. According to many reports, French actor Gerard Depardieu has put his home in France on the market and set up residence in a small village in neighboring Belgium.

Belgium‘s tax rate for those as rich as Depardieu is still high at 50 percent, but even an English major like me knows that rate is 25 percent less than the rate France is demanding.

Besides, says the U.K. newspaper The Telegraph, Belgium doesn‘t impose wealth taxes on citizens or capital gains taxes on private fortunes, as France does — thus, 2,800 well-to-do French people have chose to reside there.

Hollande‘s high taxes are producing tremendous economic activity, however — in French real estate. Listings of the homes of the well-to-do, which hardly ever go on the market, have soared — and the value of those homes has dropped.

Hollande has a real mess on his hands. According to The Economist, France is the next ticking time bomb. Its government is spending far more than it is taking in — France‘s debt has grown from 22 percent to 90 percent of GDP in the last 20 years. Its economy is stalled. Business investment is way down.

"French firms are burdened by overly rigid labor- and product-market regulation, exceptionally high taxes and the euro zone‘s heaviest social charges on payrolls," says The Economist. "Over 10% of the workforce, and over 25% of the young, are jobless. The external current-account deficit has swung from a small surplus in 1999 into one of the euro zone‘s biggest deficits. In short, too many of France‘s firms are uncompetitive and the country‘s bloated government is living beyond its means."

Who do the French think they are? Americans?

Because much like the United States, France is out to "get" its most successful citizens — even though doing so will do very little to balance the books, but will happily contribute to further hobbling the economy.

Hollande‘s 75-percent tax rate is expected to bring in 200 million euros, about $261 million — a drop in the bucket — and that assumes any of the rich stick around to pay it.

Many of the rich are voting with their feet. They are moving to lower-tax regions and countries. This has really upset French Prime Minister Jean-Marc Ayrault, who said such moves are pathetic and unpatriotic.

Au contraire, Jean-Marc! What is unpatriotic is to divide your people — to pit rich against poor. What is unpatriotic is to assume that you, through the levers of government power, have the right to take the lion‘s share of what one person has earned and give it to many others who haven‘t, so those others will vote for you in the next election.

Who do you think you are? President Barack Obama?

But c‘est la vie! It is an old story of political and government avarice. This is what a collapsing civilization always comes to in the end.

Sooner or later, you can no longer borrow or take enough of other people‘s money and the entire government apparatus falls under its own weight.

We have yet to learn this in America, which is why so many fools keep voting for it.

Now America is fast headed the way of France. How long will it be before taxes on the rich are increased to 75 percent here?

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR Contributor Tom Purcell, author of 'Misadventures of a 1970's Childhood,' is a nationally syndicated columnist. Comment by clicking here. To visit his web site, click here.


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