French socialists are celebrating. They won the presidency and legislative control. They plan to impose huge taxes on businesses and the wealthy. I can't wait until the French start escaping to Greece!
When David Cameron, Britain’s conservative prime minister, was relayed on French radio news programmes on Tuesday morning declaring that he would “roll out the red carpet” to French companies escaping François Hollande’s plans to hoist taxes, he hit a raw spot for many of the country’s business leaders. It was a double whammy when they saw the headline in the leading financial newspaper Les Echos proclaiming that President Hollande’s new Socialist government was set to include an extra tax on company dividends.
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