How Socialism Has Doomed France

The French government is wringing its hands in frustration about how to deal with wealthy French nationals who are expatriating to avoid France's crushing new tax hikes. World-renowned actor Gérard Depardieu, for example, has recently decided to take up residence just across the Belgian border to avoid the tax penalty he would incur by remaining in France.  This is merely an allegation at this point, of course, but it seems a safe guess that Depardieu has noticed French politicians' distaste for the wealthy -- which is not a feat of consciousness, considering that the new socialist president François Hollande has famously quipped, "I don't like the rich" while campaigning on promises to "tax annual income of more than one million euros per year at 75 percent."   It's just the latest of many black eyes for France's new administration.  France's richest man, Bernard Arnault, has applied for Belgian citizenship, and according to The Telegraph, "among Mr. Depardieu's...(Read Full Article)

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