Wednesday, July 04, 2012

Run, Charly, Run

Versailles gets a taste of Blowback

11 comments:

Tecumseh said...

Better link?

Tecumseh said...

de Castries: There is no example, in modern economic history, of a country that has succeeded in reducing its deficits by bringing taxes to a confiscatory level. On the contrary, it leads to a decline in activity, and an increase in the deficits.

Versailles is getting a tad worried? Nah. Keep on swilling that Château La Fleur-Pétrus.

Tecumseh said...

Another danger is that foreign managers will no longer be drawn to the country. “In the past five to 10 years, French companies have been attracting more international talent. But who would want to come to Paris to run a company in the current environment?”

Charly, of course!

Mr roT said...

Chuck sips the Petrus while Carla Bruni breaks camp.

Mr roT said...

authorised=false.

Tecumseh said...

Let's tax everything that moves, or doesn't move, says Charly. But make sure to call it a "social charge", to make it more palatable. Sneaky, eh?

Mr roT said...

Sell the place in Dordongle!

Tecumseh said...

I was half-thinking of buying a little pied-a-terre there, but now I gave up. Palau sounds more appealing.

Mr roT said...

Dordongle is my invention.

Arelcao Akleos said...

Inventions can now be taxed, Herr Rott.

Arelcao Akleos said...

"Palau sounds more appealing."

By the time we get around to it, the market demand for a Palau safe haven is gonna make it prohibitibly expensive. Damn those runaway capitalists.