Socialism fail! Constitutional council throws out French frog President Francois Hollande new 75% tax
Another day, another epic faillure for socialism. French frog President Francois Hollande tried to pass a new 75% tax on those evil wealthy people in France. It drove many people out of the country, the most famous being Gérard Depardieu. But now, France’s constitutional council has rejected the 75% tax rate on those evil rich people. basically sending Francois Hollande back to square one, and yet again embarrassing socialism.
France’s Constitutional Council says it is overturning the government’s 75% top income tax rate – @reuters
— Breaking News (@BreakingNews) December 29, 2012