Gay Patriot Header Image

Does America’s future look like this?

Posted by Jeff (ILoveCapitalism) at 10:45 pm - March 29, 2013.
Filed under: Debt Crisis,Depression 2.0,Economy

France’s President Hollande is determined to confiscate wealth; mere constitutions and courts can’t stop him:

French President Francois Hollande declared on Thursday that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a “super-tax” on individuals was knocked down by the constitutional court…

Irony alert:

On the defensive, with his approval ratings in tatters, Hollande acknowledged he had failed to anticipate the crisis dragging on for so long…

Gee, I anticipated it, from 6,000 miles away. I’m not very smart, I just understand that no country can tax its way to prosperity.

Moving along – It seems that in the wake of Cyprus, a top European official accidentally told the truth:

Monday March 25 – Markets took fright after the head of the group of eurozone finance ministers indicated that the Cyprus rescue could be a template for similar situations…

…Jeroen Dijsselbloem, the Dutch finance minister, told Reuters…”If the bank can’t [survive], then we’ll talk to the shareholders and the bondholders…and if necessary the uninsured deposit holders”…

“Talk to” means “take from”, of course. A chorus of other top officials swiftly denied it was true and said, “Because, shut up.” Which means they’d do it again in a heartbeat; after all, one of their top bankers once confessed that lying to the public was part of his job.

UPDATE April 4: A top Italian banker says yes, actually, taking from the depositors is acceptable.