French “Supreme” Court Says NO To Unfair Taxation

The French government’s tax plans have sparked threats to leave from actor Gerard Depardieu. France’s socialist president Francois Hollande suffered a setback as the country’s highest court ruled his plans for a 75% tax on its highest earners were unconstitutional. Image Credit: AFP/Getty Images

By: Edmund Jenks – West Coast Editor

Even the French “Supreme” Court has enough legal sense that punitive taxation in the pursuit of socialism is wrong … are you listening U. S. Supreme Court Chief Justice Roberts?

This excerpted and edited from Yahoo! Finance –

French panel overturns 75 percent tax on ultrarich
Associated Press – 12-29-2012

Embattled French President Francois Hollande suffered a fresh setback Saturday when France’s highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair.

In a stinging rebuke to one of Socialist Hollande’s flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over €1 million ($1.32 million).
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Prime Minister Jean-Marc Ayrault was quick to respond, saying in a statement following the decision the government would resubmit the measure to take the court’s concerns into account. The court’s ruling took issue not with the size of the tax, but with the way it discriminated between households depending on how incomes were distributed among its members. A household with two earners each making under €1 million would be exempt from the tax, while one with one earner making €1.2 million would have to pay.

The French government approved the tax in its most recent budget, amid criticism by some that it would do little to stem the country’s mounting fiscal problems and would drive away the wealthiest citizens.

Hollande’s popularity, meanwhile, has been tanking as the country’s unemployment continued its rise for the 19th straight month.
[Reference Here]

Favorite factual “Pull Quote” from the AP article – “… it would do little to stem the country’s mounting fiscal problems and would drive away the wealthiest citizens” – sounds familiar … don’t ya’ think?

Related Stories:

Vive La France!!!!!!!!!!!!!!!!!! French Court Rules – (Wake Up America)

About the Author

Edmund Jenks - West Coast Editor Biography: Edmund Jenks is the Managing Editor of five Weblogs: MAXINE, Symblogogy , Oblate Spheroid, Carter’s Second Term, & notes from The EDJE. He provides consulting and relationship services and has been republished by Pajama’s Media, LATimes, Execupundit, Library Clips, Japan Only, Planet CellPhone, The Grocery List, BlogoWogo, Instapundit, PoliticalOpinions, Slate, AOLnews, WIRED, and WSJ Online …to mention a few. He’s also a Feature Page Manager for Motorsports and Feature Page Editor for Tech & Biz on NowPublic, member of the Motor Press Guild, registered citizen journalist on BlogRoll of Pajamas Media, and has appeared on Pajamas TV. Edmund Jenks has joined the Politisite team with his expertise in National Politics with a West Coast Conservative Flair. We are honored to have Ed as part of our growing portfolio of journalists and commentators.

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