Amazingly, Socialism Isn’t Helping France
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  • Jacksonian Libertarian

    “To be fair, growth estimates are being ratcheted down all over Europe, from the UK to Greece; France is not in the worst shape.”

    He hasn’t been in power long enough to implement any of his Socialist Policies. Socialism hasn’t ever worked anywhere it has been tried, so just wait. Keynesian spending will suck the French capital markets dry, and new taxes will collect even less money than before while creating a crushing burden on the French economy which cannot be supported.

  • JimK

    France has been in recession for at least the last two quarters. The Socialists are just going to bury the economy, certainly no chance of reviving it. Not when you drive off the top income earners and spenders.

  • Kenny

    Jackson is right.

    Hollande has not been in power long enough for the full effects of his anti-growth policies to bare the bitter fruit they surely will.

    This will be fun to watch.

  • If the million dollar question is to know how France is going to get its job-creation machine back on track after a 30-year hiatus, I doubt this 75% tax rate issue is going to matter.

  • Tom Gates

    Where is thibault when we need a good laugh!

  • Kris

    Those fat cats should consider themselves lucky! Jean-Luc Mélenchon received over 10% of the vote in the French presidential elections. His platform? Massively increasing spending. How was this to be paid for? Easy! A 100% tax rate on earnings over €360,000.

  • Anthony

    My rent in London has gone through the roof. My lamdlord wanted a 25% raise this year. I talked him down to 12%.

    The landlords here expect lots of wealthy French to move to London. Unlike the US, France does not tax nonresident citizens.

  • All I have to say in re: the upcoming economic collapse in France is – they voted for the guy.

    Ooops.

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