France attempting to legalize plunder

[Richard]

I am so excited about this new law France is trying to pass.  They are really anxious to destroy their country.  Yes, I'm a bad person for this gleeful feeling I have right now, but whatever.  They believe in their neo-communism, and I don't.  Crash and burn, baby!!


http://www.techcentralstation.com/051305A.html


To summarize the article: The proposed law demands "when a company repurchase its own stocks, a part of the profit made by the company shall be redistributed to its employees."  UMP Rep. Patrick Ollier wants the government to create a "dividend of work" and stated: "I wish that this dividend be compulsory in all companies with stocks, whether they are quoted or not."

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How long can this last?

[opebo]

How long can this last?

I assume indefinitely.  How is this different from a tax?

[True Federalist (진정한 연방 주의자)]

So, how long until Michellin recapitalizes itself on the London, Ansterdam, or Frankfurt Stock exchanges?  If this passes, any sane management team will have their company cease being a French corporation and reincorporate in another country with friendlier corporate laws.  This law will accelerate the EU becoming accustomed to the Delaware effect.  (Delaware and a few other small US states have corporation friendly laws that encourage companies to incorporate there rather than elsewhere in the US.)