Will France's election of Mr. Hollande make Europe's economic recovery easier or harder?
This act of stupidity is going to leave a mark on the French people. Apparently there are far too many that believe the purpose of government is to provide a living for people. Those same misguided souls also believe that the government has money. Unfortunately, governments take money from those that have a job or own a business. Hence, when governments begin increasing taxes in order to support the pathetically missguided unwashed masses of human debris that demand government intervention from craddle to grave, will become the enslaved that are eliminated first when the government can no longer support the masses.
Elections have consequences and many of which are unintended. And one of those unintended consequences will be the exodus of capital and the wealthy as they seek to do what is instinctual when attacked by government with higher taxes -- protect themselves and their families by protecting their wealth.
This election will further imperil Europe and the European Union as nation states do what they have done for centuries -- engage in activities that ensure their survival. And if that means leaving the Euro and returning to a sovereign currency then that is what they will do. France for the near term is doomed to fall further into economic dispare.
History supports the conclusive position that "socialism" fails every time it is tried. And there is no reason to think that this transgression of France back into socialism is going to end any better than during other times in history. Hopefully this dilusional experiment doesn't end in the deaths of millions as it has in the past.
by karl 4 years ago
How many French millionaires will your country take?http://www.bloomberg.com/news/2013-12-2 … e-tax.htmlHow long do you think it will be before Frances economy will be on the big slide downwards?
by Ralph Deeds 6 years ago
" ...The defining economic policy of the last decade, of course, was the Bush tax cuts. President George W. Bush and Congress, including Mr. Ryan, passed a large tax cut in 2001, sped up its implementation in 2003 and predicted that prosperity would follow.The economic growth that actually...
by Josak 5 years ago
What we see this election cycle is a GOP desperately trying to hide it's darker side with already failed economic policy, Romney has pledged to amend the constitution to make same sex marriage illegal (so much for small government huh) and the GOP has put the prohibition of ALL abortions including...
by Ralph Deeds 5 years ago
http://www.nytimes.com/2012/10/19/opini … .html?_r=0"But Mr. Romney, it turns out, doesn’t have a plan; he’s just faking it. In saying that, I don’t mean that I disagree with his economic philosophy; I do, but that’s a separate point. I mean, instead, that Mr. Romney’s...
by Sooner28 5 years ago
http://www.huffingtonpost.com/2012/11/1 … lp00000009Um...
by pgrundy 9 years ago
Wall Street is happy this morning over it. It was 9.6%. The president still expects it to top 10% before the end of the year.Who makes this stuff up????
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