On Tue, 9 Oct 2012 11:08:01 +0100
"tim....." wrote:
Sounds like the idea of some left wing idiot in france who was proposing
a 100% tax on earnings above 100K euros or something. Presumably it never
occured to his lonely braincell that if all the money above a certain rate
goes in tax then companies simply won't bother paying above that rate.
I suspect the same happened with a 98% tax which is why they ditched it.

The 98% was only on unearned income [1].

So all the people with serious amounts of unearned income left the country

A bit like the liberal dufflecoats moronic mansion tax then. So if you bought
your house in the 60s or whenever for 20K in some then grungy area like
notting hill or clerkenwell and now its worth a million , too bad , cough up
please. Oh , you can't afford to? Sell your house then you rich *******. Etc.

Politics of envy yet again.

B2003