Think Freely Media presents Common Sense with Paul Jacob

French voters were in a mood to eject the incumbent, often a good idea. But, alas, the president they picked to replace Nicolas Sarkozy is an ardent socialist. And socialism, sanctified or not by centuries-old fealty to notions of French Revolutionary egalité, is always a très mauvaise idée.

President François Hollande has vowed to impose a 75 percent tax on all income over a million euros, or about 1.25 million dollars. Such a steep levy is supposed to be moral because making lots of money is per se morally suspect — at least according to the egalitarianism in which Hollande is steeped.

The tax gouge is also supposed to be practical in that it will supposedly help cure France’s debt crisis. Sure, looting les riches will cover but a smidgen of France’s debt pileup. But because even not-rich Frenchmen are also likely to pay higher taxes to appease the EU, it’s best to pave the way by first flogging the envious not-rich man’s favorite target.

Meanwhile, more sensible measures — like freeing up the French economy and slashing the government’s social welfare programs — don’t seem to rank very high on Hollande’s to-do list.

In response to the danger, many of the wealthiest and most productive Frenchmen are doing the only moral and practical thing. They’re packing their bags, just in case their new leader fulfills his vow. If so, they’ll flee to lower-taxing places like Belgium and Switzerland, where jobseekers will be delighted to have them.

This is Common Sense. I’m Paul Jacob.

By: Redactor

7 Comments

  1. Drik says:

    “If the Jews did not exist, it would be necessary to invent them.”_A. Hitler
    The “rich” are the new Jews.

  2. Drik says:

    Socialism does not last long without a designated enemy.

  3. The massive Ponzi Scam (and that is Eurofascissocialism’s simplest definition on its very best day) hasn’t long to run until it’s done.

    And its final total collapse will be truly awful to observe as the psychopathologically hesperophobic third world barbarians the French and other Euroweenies have imported to be the last looted, not only kill the degenerate and dying goose — but rape and sexually mutilate and eat it, too!

    Better dust off them needles Madame Defarge — and get knittin’!

  4. Pat says:

    The problem with socialism is that eventually you run out of other peoples’ money.

  5. Brian Wright says:

    You’re never going to end socialism if the alternative is corporatism… even with a libertarian flavor. Strike the root: end international corporatism (state privilege for wealthy criminals) and socialism (state privilege for less wealthy egalitarian criminals) falls of its own dead weight.

  6. Good info, many thank you to the author. It is incomprehensible to me now, but in general, the particular usefulness and importance is overpowering. Thanks again and good luck!

  7. KnowYouKnow says:

    I wish that we could do that in the USofA. Unfortunately Congress and the IRS have erected an Iron Curtain of sorts that takes most of your wealth if you leave thereby keeping us trapped here to finance every nutty socialist idea they can dream up.

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