Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years.
Socialist Hollande’s simple solutions include:
=Taxes *Impose a tax on financial transactions. *Impose a 75 percent income tax on earnings above 1 million euros ($1.32 million) and raise the rate to 45 percent for the income bracket between 150,000 euros and 1 million euros per year. *Repeal 29 billion euros of tax breaks over the next five years. *Increase total tax level to 46.9 percent in 2017 from 45.1 percent in 2012 (payroll and profit). *Increase tax on biggest companies to 35 percent. *Scrap Sarkozy’s 1.2 percent VAT increase.
-Public spending: *Raise state spending by 20 billion euros over five years. *Allow those who have worked more than the legal minimum of 41.5 years to retire from the age of 60. *Limit pay of executives at state-owned companies to 20 times the lowest wage. *Hire 60,000 teachers and school employees and 5,000 police officers over next five years. *Hire 150,000 youths in state-subsidized jobs over the next five years. *Cut French president’s and Cabinet ministers’ pay by 30 percent.
Slow growth, high unemployment and staggering deficits and debts are a tumor on the economy. And France decided to take up smoking heavily as a cure to a lung tumor.
Any of that ring a bell? This is what the Socialists/Democrats do. Keep trying what has already been proven not to work.
Francois Hollande, new French president:
The 57-year-old Socialist has openly admitted that he "does not like the rich" and declared that "my real enemy is the world of finance". This means taxing the wealthy by up to 75 per cent, curtailing the activities of Paris as a centre for financial dealing, and ploughing millions into creating more civil service jobs.
***Why colleges don't teach the Federalist Papers. Easy. Liberals don't WANT students to understand the Constitution.
It would be difficult to overstate the significance of The Federalist for understanding the principles of American government and the challenges that liberal democracies confront early in the second decade of the 21st century. Yet despite the lip service they pay to liberal education, our leading universities can't be bothered to require students to study The Federalist—or, worse, they oppose such requirements on moral, political or pedagogical grounds. Small wonder it took so long for progressives to realize that arguments about the constitutionality of ObamaCare are indeed serious.
***George Lindsey, RIP. I loved "The Andy Griffith Show." You don't find shows with values and comedy like that any more.
"A football coach, holding a football, asks his quarterback, `Son, can you pass this?' The player says, `Coach, I don't even think I can swallow it."'