Working Life

To understand how absolutely absurd the debate is over taxes in the U.S., you just have to cast an eye across the Atlantic to France. The right wing in France supports tax rates higher than the left wing in the U.S. Yes, really.

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     So, it’s not all bad news in the world. Some sanity prevails when real-life economics, not blather about the glories of the "free market", triumphs and one can hope for a bit of truthiness to spread.    First, the good news: President François Hollande’s Socialists and their allies won an absolute majority in runoff […]

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   If I was a "one percenter", I’d love the debate under way in the U.S. right now. What’s not to love? You whine and cry about the "Buffett Rule", how unfair it is and hurts the "job creators", and, then, laugh all the way to the bank as you barely can see where the […]

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   This just in, via The Wall Street Journal: Germany on Wednesday moved toward a new bank levy to cover the cost of future bailouts, and France said it would pursue a parallel effort as leading world economies weigh strategies for curbing speculation and preventing future crises. A proposal approved by the German cabinet would […]

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   The French should be thrilled that the Republicans do not control the Congress because we would certainly see another landmark "Freedom Fries" bill become law after this: French Finance Minister Christine Lagarde said Wednesday that France will slap a one-off 50% tax on bonuses awarded to bank employees next year. "Banks will be taxed […]

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