tag:blogger.com,1999:blog-7321229718141307911.post6308084847403887769..comments2023-10-24T01:44:59.579-07:00Comments on Newshoggers Archive: Those Damned FrenchRon Beasleyhttp://www.blogger.com/profile/04442030471061531104noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7321229718141307911.post-9124794387030010992011-08-25T05:25:48.000-07:002011-08-25T05:25:48.000-07:00The contrast is even more stark than meets the eye...The contrast is even more stark than meets the eye. The report I heard said that not only do the French pay a graduated tax, the rich are also assessed a "wealth tax" of about 3% of all assets ANNUALLY. (Compare with the US property tax, which in the US is not only designated for state and local revenue but is limited to actual real estate at whatever the "assessed value" happens to be -- a slippery and politically tainted process if ever one was contrived.)<br>Imagine how loud the screams would be if anyone proposed even a one-time surtax on net worth above a certain amount. And the idea of a permanent tax of that nature would never pass the giggle test in Washington.<br>John Ballardhttp://profile.typepad.com/john_ballardnoreply@blogger.com