The true tax rate is higher then 75%. 75% is the rate that working class folk pay. The pay council tax, income tax, vat, inflation tax, and tax that indirectly make goods and services more expensive because of verious business taxes.
France is currently ruled by the Socialist party. There is a methodology adopted by the socialist parties all over the world to retain power. It is like this:
1. Tax to death the 10% hard working people and squeeze as much money as possible.
2. Give this tax money as benefits to the remaining 90%, lazy people.
3. After a few years, most of the hard working people will run away and the economy will collapse.
4. Now blame the economic collapse on
Capitalist forces5. Brainwash the remaining population (by this time will be living in ghettoes and slums), so that no other party will be elected to power other than the socialist party.
This has been successfully conducted in many of the world nations. Let's wait to see whether their experiment in France will be a successful one or not.
Spot on.
When the masses of people discover they can vote themselves other peoples money then the game is over - all you hear is a giant swirling rushing sound as the economy goes down the toilet.
Many of you here on this forum are mixing up banksters with hard working entrepreneurs (the people who start small and medium sized successful businesses that more often than not employ you, pay the majority of taxes, etc).
Kill the economic incentive and these people have no reason what-so-ever to take risks, work eighty hours a week, and innovate. They will also have absolutely no reason to keep you employed. But, of course, you can always become a parasite on the taxpayers as is the current method in favor by millions of people who choose not to work for a living.