May 12, 2012

How about spreading HIS wealth around

France just elected an avowed Socialist as President. Now the numbers are starting to come out -- from the London Evening Standard:
Socialist Hollande owns three homes on the Riviera
France's new Socialist president owns three holiday homes in the Riviera resort of Cannes, it emerged today.

Francois Hollande, 57, who �dislikes the rich� and wants to revolutionise his country with high taxes and an onslaught against bankers, is in fact hugely wealthy himself.
And his Presidential Plan (do not forget, this man is a true Mastermind):
He intends to set a top tax rate of 75 per cent, and to increase France�s wealth tax � moves which have already seen rich people threatening to leave the country and move abroad including to London.

Meanwhile, Mr Hollande wants to pour public money into France�s public services, creating thousands of jobs.
Beneath contempt. Idiot. Pssst -- Laffer Curve. You do not have a revenue problem, you have a spending problem. The only tempering aspect is that this nation was collectively stupid enough to elect him. Politics can be a good emetic as we are finding out... Posted by DaveH at May 12, 2012 9:49 PM
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