French gov’t to suffer consequences of socialism

According to British newspaper The Telegraph, socialist-lead France is fast approaching a “full-blown hurricane” as punishing tax rates and disastrous government policies are forcing French businesses and investors scrambling to avoid the legalized confiscation of their wealth.

French bankruptcies have skyrocketed over the summer and, according to Laurence Parisot of the MEDEF group in France, consumer confidence in the economy is quickly dwindling.  Worse, the French government does not appear concerned, or even aware, of the gravity of the looming crisis.

A message to the U.S. government: learn from the mistakes of other nations.  Big government destroys incentives to invest and succeed and punishing taxes provide little in the way of long-term economic success for virtually any economy, especially one built  upon the principles of capitalism.

http://www.telegraph.co.uk/finance/financialcrisis/9610717/French-business-erupts-in-fury-against-disastrous-Francois-Hollande.html