The Richest People in France Ask For a Tax Increase

Maybe we should take a tip from France. The French government just introduced a new debt reduction package that includes a 3% income tax increase on people making more than $720,000 a year. But no one is screaming about class warfare in France today – that’s because it was the millionaires and billionaires themselves who asked for the tax increase. In an open letter – some of the wealthiest people in France wrote, “We, the presidents and leaders of industry, businessmen and women, bankers and wealthy citizens would like the richest people to have to pay a ‘special contribution’.” The letter goes on to say, “When the public finances deficit and the prospects of a worsening state debt threaten the future of France and Europe and when the government is asking everybody for solidarity, it seems necessary for us to contribute.” As in – they realize there’s not much quality of life in being rich while living in a poor country – a sentiment that most billionaires here in America don’t appear to understand. I guess it IS true – not all billionaires are created equal. (Source: Thom Hartmann, 8/25/11)

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About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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