France elects socialist president.
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BoldChild
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http://news.yahoo.com/blogs/lookout/hollande-defeats-sarkozy-french-election-182314153.html
lol, American conservatives/republicans are mad, but gotdayum @ 75% income tax.
Torn election posters of French President Nicolas Sarkozy in Paris, May 6, 2012. (Francois Mori/AP)
François Hollande won the French presidential election on Sunday, capturing more than 51 percent of the vote to defeat incumbent Nicolas Sarkozy and become France's new president, according French television.
Sarkozy, who has held the French presidency since 2007, grabbed 48.1 percent, according to the polls.
Hollande, the 57-year-old socialist challenger, narrowly edged Sarkozy, also 57, in a preliminary election two weeks ago, but since he did not win with an absolute majority, France law required a runoff between the top two candidates.
Sunday's victory means France will have its first Socialist president since Francois Mitterrand, the country's president from 1981 to 1995. In voting Sarkozy out of office, French voters expressed their discontent over Europe's debt crisis.
Hollande waves to supporters on May 4, 2012. (Francois Mori/AP)
French television declared the election for Hollande immediately after the polls closed Sunday. Moments later, Sarkozy told his supporters that he called Holland to congratulate him, and to concede victory.
"I take the responsibility for this loss," Sarkozy said. "I'm ready to become a French person among French people, and more than ever I have the love for my country deeply ingrained in my heart."
Hollande's victory could have far-reaching implications on Europe's debt woes. According to the Associated Press, Hollande has promised a 75-percent income tax on the rich and "wants to re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece."
Indeed, Hollande's victory will be seen as a challenge to "German-dominated policy of economic austerity in the euro zone, which is suffering from recession and record unemployment," the New York Times said.
During their respective campaigns, both candidates had promised to balance France's budget within five years.
"It's going to be a long day," Hollande told reporters as he left a polling station earlier in the day. Sarkozy, with his wife, Carla Bruni-Sarkozy, by his side, voted in Paris, but did not speak to television reporters.
"There will be a handover of power," Sarkozy said Friday when asked if what would happen if he lost. "The nation is stronger than the destiny of the men who serve it."
Hollande is expected to be inaugurated later this month.
lol, American conservatives/republicans are mad, but gotdayum @ 75% income tax.
Torn election posters of French President Nicolas Sarkozy in Paris, May 6, 2012. (Francois Mori/AP)
François Hollande won the French presidential election on Sunday, capturing more than 51 percent of the vote to defeat incumbent Nicolas Sarkozy and become France's new president, according French television.
Sarkozy, who has held the French presidency since 2007, grabbed 48.1 percent, according to the polls.
Hollande, the 57-year-old socialist challenger, narrowly edged Sarkozy, also 57, in a preliminary election two weeks ago, but since he did not win with an absolute majority, France law required a runoff between the top two candidates.
Sunday's victory means France will have its first Socialist president since Francois Mitterrand, the country's president from 1981 to 1995. In voting Sarkozy out of office, French voters expressed their discontent over Europe's debt crisis.
Hollande waves to supporters on May 4, 2012. (Francois Mori/AP)
French television declared the election for Hollande immediately after the polls closed Sunday. Moments later, Sarkozy told his supporters that he called Holland to congratulate him, and to concede victory.
"I take the responsibility for this loss," Sarkozy said. "I'm ready to become a French person among French people, and more than ever I have the love for my country deeply ingrained in my heart."
Hollande's victory could have far-reaching implications on Europe's debt woes. According to the Associated Press, Hollande has promised a 75-percent income tax on the rich and "wants to re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece."
Indeed, Hollande's victory will be seen as a challenge to "German-dominated policy of economic austerity in the euro zone, which is suffering from recession and record unemployment," the New York Times said.
During their respective campaigns, both candidates had promised to balance France's budget within five years.
"It's going to be a long day," Hollande told reporters as he left a polling station earlier in the day. Sarkozy, with his wife, Carla Bruni-Sarkozy, by his side, voted in Paris, but did not speak to television reporters.
"There will be a handover of power," Sarkozy said Friday when asked if what would happen if he lost. "The nation is stronger than the destiny of the men who serve it."
Hollande is expected to be inaugurated later this month.
Comments
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them ? have presidents? dead ass i never knew that ?
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I hope he doesn't think the rich people are gonna stay in France...
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Yeah, the dude that won, Francois Hollande, is the one that used it.
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Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot
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That ? Cray
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Kanye and Jay-Z to perform at the inauguration?
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wild ? at the 75%. Rich folk in America should never complain about the 40% tax that Obama is planning now.
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Lol yall ? is clueless about socialism and economics
America had a 91% tax rate when Eisenhower was pres and that only helped the economy -
kingblaze84 wrote: »Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot
Where the hell yall getting these numbers from???????Lol yall ? is clueless about socialism and economics
America had a 91% tax rate when Eisenhower was pres and that only helped the economy
On income tax, capital gain, etc. ???? -
kanye and jay won him that election.
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kingblaze84 wrote: »Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot
the bolded is true
it's funny how most mofos walking around don't know this fact -
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BoldChild wrote:
lol, American conservatives/republicans are mad, but gotdayum @ 75% income tax.
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This is some borderline ? .
1) 75 % is the marginal tax for over 1 million euro, how many guys earn that much? It means
that anything less that 1 million euro will be taxed less than 75 %.
2) Income taxes don't target the richest people who own capital goods and real estate, they rarely take out
much income, and they buy real estates and luxury through their businesses. Making it a loophole anyway.
3) It's just a proposal, meaning it would probably never be realised
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I wonder if they'll come to the U.S and set up shop somewhere. It'll be like Cuba all over again, but with less beef.
I also wonder what will happen to U.S.-France relations. That'll be interesting. And then you have Britain to boot. -
Socialist is just a title in the Western world. It's impossible to implement socialism in a for-profit nation
http://youtu.be/rT5z_OMaQhg
