Midknight Review -- new and revised: France's "tax the rich" plan is shot down by its High Court while America's courts could not care less . . . . and we are the "greatest nation on earth" my but it ain't so.

A couple of weeks ago, the French elected a avoid socialist and a man who recently won election by touting his plan to assess a 75% tax on the uber rich, folks in his country making more than $1.3 million per year. This past week, that plan landed itself in France's version of our Supreme Court . . . and lost.

(Reuters) - France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit.

Turns out, the tax is not evenly applied, and is unconstitutional for that reason.

More than this, because there are so few millionaires in France, the new tax actually raised only a fraction of what is needed to solve France’s burgeoning deficit problem. "Taxing the rich" became a theme in Hollande's campaign because it united the anti-business sectors of the country, and gave the socialist candidate his victory.

Unlike Obama’s “tax the rich” plan, another plan that garners only a fraction of what is needed, the French plan adds an austerity plan that is the most severe in decades. Nothing of the kind is in mind, with Obama’s careless considerations. His level of spending continues at three times that of the Bush Administration, well into the foreseeable future.

Understand that one of the visions common to all socialists, is their disdain for those who make very good money, for the so-called rich. While "tax the rich" does not solve any of our nation's financial problems, it is a theme that ignites the hatred of the socialist minded, class hating, folks who have no clue how to earn and keep money. Of course, not all Obama voters, fall into this description, but 47% of them do, and that may be all a man needs to win an election in this country,

The difference between Obama and French President Hollande is that Hollande thinks you are rich if you earn more than a million per year, Obama thinks you are rich if you earn $200,000 as a single taxpayer or $125,000 as a married taxpayer filing a joint return with a partner who, also, earns $125,000** per year and "$125,000" is hardly "rich."

France is taxing the rich, Obama is planning on taxing the middle class wage earner and many of them do not see this happening. They still believe he is talking the "rich."

** Understand that $125,000 in earned income is around $65,000 after federal, state and local (property) taxes.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

France's "tax the rich" plan is shot down by its High Court while America's courts could not care less . . . . and we are the "greatest nation on earth" my but it ain't so.

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