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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
 

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