french socialist francois hollande wins presidency

[gore0bsessed]

BBC News - Socialist Francois Hollande wins French presidency

The socialist candidate has promised to raise taxes on big corporations and people earning more than 1m euros a year.

He also wants to raise the minimum wage, hire 60,000 more teachers and lower the retirement age from 62 to 60 for some workers.

 

[Nuggler]

Damn!! More work for the navy Seals/drones/marines.

Must keep those commie pinkos in their place.

 

[Machjo]

But does does he have the support of the National Assembly?

 

[captain morgan]

Damn!! More work for the navy Seals/drones/marines.

Must keep those commie pinkos in their place.

Won't need to... Assuming that Hollande lives up to 1/10th of his promises, France will be going titters within 6 or 7 years.

Why spend cash on a conflict when you can pay a fraction buying up the nation at pennies on the dollar.

 

[Spade]

Hollande should be a breath of fresh air.

 

[captain morgan]

The same hot-air promises that resulted in our present Greek tragedy?

 

[SLM]

The same hot-air promises that resulted in our present Greek tragedy?

I was just thinking it reminds me of Greece. Particularly the part about lowering the retirement age. Seems like a pretty stupid move.

 

[captain morgan]

I was just thinking it reminds me of Greece. Particularly the part about lowering the retirement age. Seems like a pretty stupid move.

Their tax base is currently unable to accommodate their spending needs, Hollande has vowed to incorporate (up to) a 75% tax on the rich and corps and he somehow thinks that Germany will pay for France.

You're an accountant SLM; what would be your advice to a corporate client or high net worth individual that was potentially facing a 75% marginal tax rate?

 

[SLM]

Their tax base is currently unable to accommodate their spending needs, Hollande has vowed to incorporate (up to) a 75% tax on the rich and corps and he somehow thinks that Germany will pay for France.

You're an accountant SLM; what would be your advice to a corporate client or high net worth individual that was potentially facing a 75% marginal tax rate?

Get the hell out of France.

It's going to be a very tense summer, in France, in Europe and probably (eventually) everywhere.

 

[captain morgan]

Get the hell out of France.

Sadly for France; I believe that is exactly what will happen... I'm keeping an eye on Total to see how they respond. My belief is that we may see a Haliburton-style midnight move from these folks... Nonetheless, only time will tell.

It's going to be a very tense summer, in France, in Europe and probably (eventually) everywhere.

I think that the French will pay a hefty price for electing Hollande. It's clear that he won't be able to pull the trigger on his promises in the short, medium and long terms... The public will respond accordingly, but like you suggest, I expect it won't be pretty

 

[SLM]

Sadly for France; I believe that is exactly what will happen... I'm keeping an eye on Total to see how they respond. My belief is that we may see a Haliburton-style midnight move from these folks... Nonetheless, only time will tell.

Time will definitely tell. It's also a very different thing being in office as opposed to running for office, there will be other pressures on him. That may factor in somewhat too.

I think that the French will pay a hefty price for electing Hollande. It's clear that he won't be able to pull the trigger on his promises in the short, medium and long terms... The public will respond accordingly, but like you suggest, I expect it won't be pretty

I think it will be ugly. Promises are one thing but reality is something else.

 

[Liberalman]

Triple digit losses on the stock markets Monday

 

[SLM]

Greek pro-bailout parties suffer big losses, fringes gain - World - Canoe.ca

 

[taxslave]

Greek pro-bailout parties suffer big losses, fringes gain - World - Canoe.ca

Socialists just don't get it. Always looking for a freebe from the doers. Greece is going to tank, and soon. Be some good deals on old stone buildings in need of major repair.

 

[Spade]

Teresa in Hemar Neuvireuil, France writes: I have a real hope that fiscal fairness, social justice and equal opportunities will now start to prevail. It is time for a change.

 

[Walter]

Triple digit losses on the stock markets Monday

More than likely.

Teresa in Hemar Neuvireuil, France writes: I have a real hope that fiscal fairness, social justice and equal opportunities will now start to prevail. It is time for a change.

Pretty stupid.

 

[Spade]

Walter, if someone posts an opposing point of view, they are not attacking you! I don't mind the red, but remember these are discussion forums and people will not always agree with your position.
As far as the market is concerned, Hollande's win has already been factored in; I expect the markets to be on the up tick tomorrow. If they are not, you can give me ten more reds!

Furthermore, the French electorate was presented with real choice which we don't always have on this side of the Atlantic. More than 80% voted (Wouldn't that be a change here!?) and they chose change.. It's called democracy. The sky is not falling.

 

[ShintoMale]

Their tax base is currently unable to accommodate their spending needs, Hollande has vowed to incorporate (up to) a 75% tax on the rich and corps and he somehow thinks that Germany will pay for France.

You're an accountant SLM; what would be your advice to a corporate client or high net worth individual that was potentially facing a 75% marginal tax rate?

the U.S.A had a 90% tax on the wealthy in the 1950s Which help the government help build the highways and other infrastructure after world war 2 and help people build suburbs

 

[petros]

Walter, if someone posts an opposing point of view, they are not attacking you! I don't mind the red, but remember these are discussion forums and people will not always agree with your position.
As far as the market is concerned, Hollande's win has already been factored in; I expect the markets to be on the up tick tomorrow. If they are not, you can give me ten more reds!

Furthermore, the French electorate was presented with real choice which we don't always have on this side of the Atlantic. More than 80% voted (Wouldn't that be a change here!?) and they chose change.. It's called democracy. The sky is not falling.

Why wait to see? Nikkei is open and down because of elections. 9,134.26 -245.99 ( - 2.62%) Nikkei.com - Live

Tokyo stocks tumble after European elections

 

[Spade]

Markets go up; markets go down. Modern exchanges are driven by algorithmic trading. Joe and Janice don't trade CP and CIBC because of French elections or musings by pundits.