Will NH Democrats Drool At Developments In France? - Granite Grok

Will NH Democrats Drool At Developments In France?

Francois Hollande Socialist leader of FranceFrance’s golden age passed long ago, and thanks to the French is doomed never to return.

The New Socialist dominant government has set right to work doing something New Hampshire Democrats did (to a lesser extent) when they had complete control of our state government.  Right out of the gate the French Socialists are raising taxes.  But not just any taxes.   €7.2 Billion in one off taxes on wealthy households and big corporations…because the country continues to spend more than its  economy can come up with.  Sound familiar?  Their debt is at 90% of GDP.

What else sounds familiar?  How about wealthy households and corporations leaving France to escape confiscatory taxation?

How about…without cutting spending, the new French one time tax (with a twist) will become an annual event?  An event that will fall upon whomever is left once what wealth there once was has fled, or been taxed out of existence  via government waste.  (Government isn’t creating any wealth with it).

Henri de Castries, head of Axa, the insurer, is one of France’s most respected business leaders. “I’ve listened to Mr Hollande. He wants to see more growth and lower employment. He wants to see business prospering. We want to see that, too,” he says. “The question is how to achieve these goals? There is no example, in modern economic history, of a country that has succeeded in reducing its deficits by bringing taxes to a confiscatory level. On the contrary, it leads to a decline in activity, and an increase in the deficits.” (H/T Hot Air)

(Emphasis mine)

This is the Obama, class warfare, taxation happy place.  It is also boilerplate left wing rhetoric to which New Hampshire Democrats cling.  Taxes Taxes!  If New Hampshire Democrats wanted to fly in Peter Pan’s Neverland, this is what they would think about.   Tax the rich, tax big business, confiscatory taxes, confiscatory taxes!  But it doesn’t work.  Not in France, not in America, not in New Hampshire.

So thank you France.  Thanks you for being dumber than the average American Democrat.  We can now watch you scare off all your taxpayers, and drive your economy past the toilet and into the sewer, accelerating your transition into a dirt-poor third world country in short order.

Just do us a one favor,  S’il vous plait?  Sell off any nuclear weapons and technology to England or Israel, or even the US…before you turn into a third world armpit.  And hey, we’ll take a few paintings, and some wine as well.  You can keep the cheese.

 

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