Wonder how those northern European nations afford that cradle-to-grave social safety net that keeps crime down, education up, poverty rare and economic growth humming? This is how:
French President Francois Hollande’s administration said they would rework, then resubmit, a proposal for a 75% tax on incomes over $1.32 million. A court overruled the tax because of inherent inequities.The U.S. tax on income over $1.32 million is currently 35 percent. President Obama is claiming that raising it to 39 percent would be a victory. Pretty fucking hollow one.