French court rejects 75 percent millionaires’ tax

French court rejects 75% millionaires’ tax. “The Council, made up of nine judges and three former presidents, is concerned the tax would hit a married couple where one partner earned above a million euros but it would not affect a couple where each earned just under a million euros.” Well, to paraphrase the old adage, two can be soaked as cheaply as one. No doubt John Roberts would’ve found a way to approve it: “Hey, it’s not a tax, it’s an individual mandate!”

This post was last modified on January 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (23)

  • Why should I work if all my money is going to go to someone wlse? I mean a certain amount of tax is ok. Gotta pay the military, and the real working folk in government. That is the price of HAVING a government. But 75%? What is the idea? Again, why work at all? This is why socialism never works. No one wants to work themselves to death to give it away to someone else, other that certain religious and spiritual people that are called for that. And they generally don't make a million bucks a year anyway.

    • 25% of 1 million euros = 250,000.00 Euros = 326,418.75 Us dollars, significantly more than Obama´s 250 000 dollars tax ceiling.

      There is also a war being fought right now, except it is waged by the governement against the people of France and France itself, to make it into a bunch of provinces of the EU mega-state.

    • You say we gotta pay the military but it's the military's out of control spending that caused the crash over the last decade. All to please Corporate Greed's need to control the worlds oil supply for their greedy needs.

      Like Ron Paul says, military would be the EASIEST thing to cut if it wasn't for corporate intervention.

      • You are too young and stupid to remember WWII. We declared war with no prepared army or navy. The troops that volunteered or were drafted were training without weapons, and had to be physically built up during training. Many were malnourished, had severe dental problems, etc. THe entire country was instructed on using soy to increase their protein intake as cheaply as possible. We definitely could have LOST that war, if not for Britain holding out so long. I for one, am not at all interested in being in that position again. If you had any sense,you would not either. Cut the waste, yes. But a strong milirary is the best defense we could have. That and thewillingness to stand fast when we are being attacked not folding to politically correct bullshit.

        • ICBMs and cruise missiles with multiple, cobalt-jacketed warheads, drones and thermobaric bombs against illegal immigration wouldn´t cost that much.

        • Except that our military today is no longer for mere defense but as a tool for Corporate Greed to spread their globalization agenda and to gain control of the worlds resources to enrich the few at the top and screw over everyone else. All operations in the middle east in the past decade were unnecessary and were perpetuated by Corporate Greed's fear mongering to gain the people's support of what otherwise would have been an unconstitutional use of America's military.

  • The court is filled with millionaires obviously.

    Now their reasoning is crazy to me. It seems to me that they have no objections to actual taxation or that the taxation amount was whack, but they have a problem that not ALL people were being taxed equally. So if the law said that A COMBINED net worth of married pairs was a million plus were to be affected by the tax (in addition to individuals NOT MARRIED earning that), the court would have been okay with it? That to me is crazy.

    It would have made sense to me if they had said that the AMOUNT of percentage was whack and punitive and just leave it at that. Crazy.

  • This tax was proposed by a socialist president, so the court ruling will be ignored. Socialists don't care about the law. He'll disband the court, impose the tax by fiat, set himself up as a dictator, something. That's how they work.

  • Any chance of trading Roberts and the SCOTUS Progs to France for these guys and an ex-President to be named later?

      • I hope he's available much sooner.

        If the Republicans in Congress had a single testicle between them, they'd be introducing a number of impeachment proceedings.