OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While?

[briansd1]

[quote=Veritas] the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. [/quote]

Sarkozy is part of the right wing (the counterpart to the Republican party here). That means that France is moving to the left because the French are feeling worried about the continuing recession.

Sarkozy’s party suffered not because of the proposed carbon tax, but because of worries about him moving France to an American style economy.

That’s an ongoing balancing act in France. During booming times, France is willing to turn more towards capitalism to try to enjoy some of the growth. But during recessions, the French want a stronger safety net.

Sarkozy’s economic minister Christine Lagarde was Chairman of Baker & McKenzie. She’s a great friend of the United States and lived here for many years before returning to France to enter politics. She’s like a French Carly Fiorina, but prettier, but not by much, and definitely more cultured.

[Zeitgeist]

Hey Brian,

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[Zeitgeist]

Hey Brian,

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[Zeitgeist]

Hey Brian,

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[Zeitgeist]

Hey Brian,

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[briansd1]

BTW on the carbon tax in France….

The French have been envious of the success of the financial services industry in the City of London for years.

The French had wanted to establish Paris as the bourse of choice for trading carbon credits.

The carbon tax initiative was part of that plan. The failure of the tax had nothing to do with opposition from the French population but everything to do with failing to get Europeans partners to cooperate.

Had the French plan succeeded, the big French banks would have profited and France would have gotten great green PR.

*

BTW, when Bush and Paulson bailed out AIG, socialist Europeans got a big payday.

Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclays of Britain ($8.5 billion); and UBS of Switzerland ($5 billion).

[briansd1]

BTW on the carbon tax in France….

The French have been envious of the success of the financial services industry in the City of London for years.

The French had wanted to establish Paris as the bourse of choice for trading carbon credits.

The carbon tax initiative was part of that plan. The failure of the tax had nothing to do with opposition from the French population but everything to do with failing to get Europeans partners to cooperate.

Had the French plan succeeded, the big French banks would have profited and France would have gotten great green PR.

*

BTW, when Bush and Paulson bailed out AIG, socialist Europeans got a big payday.

Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclays of Britain ($8.5 billion); and UBS of Switzerland ($5 billion).

[briansd1]

BTW on the carbon tax in France….

The French have been envious of the success of the financial services industry in the City of London for years.

The French had wanted to establish Paris as the bourse of choice for trading carbon credits.

The carbon tax initiative was part of that plan. The failure of the tax had nothing to do with opposition from the French population but everything to do with failing to get Europeans partners to cooperate.

Had the French plan succeeded, the big French banks would have profited and France would have gotten great green PR.

*

BTW, when Bush and Paulson bailed out AIG, socialist Europeans got a big payday.

Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclays of Britain ($8.5 billion); and UBS of Switzerland ($5 billion).

[briansd1]

BTW on the carbon tax in France….

The French have been envious of the success of the financial services industry in the City of London for years.

The French had wanted to establish Paris as the bourse of choice for trading carbon credits.

The carbon tax initiative was part of that plan. The failure of the tax had nothing to do with opposition from the French population but everything to do with failing to get Europeans partners to cooperate.

Had the French plan succeeded, the big French banks would have profited and France would have gotten great green PR.

*

BTW, when Bush and Paulson bailed out AIG, socialist Europeans got a big payday.

Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclays of Britain ($8.5 billion); and UBS of Switzerland ($5 billion).

[briansd1]

BTW on the carbon tax in France….

The French have been envious of the success of the financial services industry in the City of London for years.

The French had wanted to establish Paris as the bourse of choice for trading carbon credits.

The carbon tax initiative was part of that plan. The failure of the tax had nothing to do with opposition from the French population but everything to do with failing to get Europeans partners to cooperate.

Had the French plan succeeded, the big French banks would have profited and France would have gotten great green PR.

*

BTW, when Bush and Paulson bailed out AIG, socialist Europeans got a big payday.

Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclays of Britain ($8.5 billion); and UBS of Switzerland ($5 billion).

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