Wednesday, August 24, 2011

France's richest: "Tax us more"

While the neo-liberal wings and their rich patron are responsible in tearing down the societies, there are still social conscious wealthy people in western countries.

Although the rich Frenchman are already contributing their fair lot to La France, they are now clamouring the government to tax them more, even when France is equitable and just, having one of the lowest GINI in the world.

Sixteen executives, including Europe's richest woman, the L'Oreal heiress Liliane Bettencourt, offered in an open letter to pay a "special contribution" in a spirit of "solidarity".

They said: "We, the presidents and leaders of industry, businessmen and women, bankers and wealthy citizens would like the richest people to have to pay a 'special contribution'."

They said they had benefited from the French system and that: "When the public finances deficit and the prospects of a worsening state debt threaten the future of France and Europe and when the government is asking everybody for solidarity, it seems necessary for us to contribute."

Singaporean elites have not only been extremely quiet on these issues, but studiously creating loopholes so that their tax rate could be as low as 0%, while the poor were crush under the oppressive tax load. Further more, while many in the west prosper through hardwork and ability, the richest in Singapore got there through parasitic feed on the economy at best. At worst, part or majority of their wealth accumulation are intricately connected with crime and fraud. Guess who am I referring to?

In addition, we also have GLC CEOs and million dollar ministers who got fat pay check and salary increment, because they oppress workers through -- wage suppression by importing foreigners and hiking price of natural monopoly.  

The moral decay of our elites are unrepairable, and the days of our corrupt system are numbered.   

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