|Ideology vs. reality|
By Cal Thomas
FRENCH PRESIDENT Francois Hollande has been confronted by the glaring light of reality — sort of.
On New Year’s Day, as his massive tax increases began taking effect, Hollande, a member of the Socialist Party, admitted that taxes in France have become “too heavy, much too heavy.”Indeed, as of Jan. 1, French households now must contend with a new value added tax on many goods and services and, writes International Business Times, “French companies will be required to pay 50% tax on all employee salaries in excess of 1 million euros .?.?. The effective tax rate will amount to 75%.” Unemployment,
|Tuesday, January 14, 2014 12:08 PM|