It's funny - here's another wealthy person trying to escape the people's tax inspectors of the workers republic of France...
When even ex-presidents are looking to get out, you know the end game is nigh.
A few quotes from my favorite founding father and 3rd President of the United States.
" A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities." Thomas Jefferson
" Those who handle their guns into plowshares, will plow for those who do not." T.Jefferson
Well, that's what happens when politicians finally run out of other people's money.
If the French hadn't pushed so hard to keep Greece in the €-zone, and to make the €-Bank bail out the failing finances of Portugal, Spain, Italy ... all on the backs of the German tax payers, the Germans would've been able to help out a bit.
Hoist with their own petard.
Quick, call Ben at the Fed and have him print more dollars. We have to save the French right now. Where else will we get our baguettes? Sacre bleu!
Who ever thought Socialism had a flaw? My god. Taxes not enough? Confiscate! Too much debt? Redistribute! Elite having heads up their butts? Start a war, distract the masses, scare them, bamboozle them, lie, steal, give them drugs!
And be sure to take their guns.
Socialism... what a ridiculous idea. Seriously... who REALLY thinks it works or is a good idea? Tax and spend? Of course the "makers" are going to leave the "takers" behind... no one wants their hard work to be for nothing. No one wants to be forced to surrender all that they've worked for over their whole life. No one wants to live with ticks attched to their body. History is very clear... if people are oppressed or being robbed (I mean taxed), then they will go where they (and their wealth) are safe.
Reason and sanity are leaving France along with it's fortune. And they should.
Quote: "Finance Minister Pierre Moscovici said Mr Sapin's comments were 'inappropriate' and tried to blame Nicolas Sarkozy's government"
aka. Bush did it.
We need to remember that it is always and forever in all cases Bush's fault. It must be true. The Cult leader said so.
In fact, the Bible is being revised. Adam and Eve now say it was Bush's fault. And, of course, God (ah, the Cult Leader BO) says: You're damn right about that!
'The Bank of France has already produced data showing that capital investment is leaving the country every day, along with the business people who helped to build it.' - Daily Mail
This is not only happening in France, but in all of Europe, in California, Illinois, and New York. I would like to have just one of the visiting liberals that come on this site tell me not just that Obama is doing such a great job, but also what it is they have planned to solve this deficit and debt problem we have in this country and in all our states with underfunded public union pension funds.
It is a system that is unsustainable, yet they never mention what it is they will do to stop the avalanche of debt that is barreling down this mountain we call the United States of America.
If they say tax more, raise the entitlements, and borrow till we're blue in the face, I'm sure that will be convincing to all of us.
Europe is a vision of our future. Let's try not to ignore that vision.
Gee, just think, this is Obama's dream. A bankrupt country ready to be turned into a communist State. Lock and load folks, it's all downhill from here.
"Finance minister Pierre Moscovici said: ‘What he meant was that the fiscal situation was worrying’, and added that the last government, led by Nicolas Sarkozy, had accumulated £513billion of debt. [<--- BLAME BOOOOOOSH!]" Scoop you had me falling off my chair laughing with your ending comment :) Thanks for the giggle!
A "deficit reduction plan" in France??? THAT will be the day. You can't have socialism AND a deficit reduction plan because socialism only makes deficits spiral out of control, as we are now seeing here in the United States. The plain fact of the matter is, the French simply ran out of spending other people's money. Not that anybody in Washington is paying attention to this.
That is the way for all Keynesian Economic experiments, yet the left in this country just keep plodding along, and the supposed right keep following them over the cliff. When will the madness stop. Why can they not understand truth? Here are a few adages they should study.
Definition of insanity: doing the same thing over and over and expecting different results.
This would be in regards to socialism. Everywhere it has been tried, it has been a miserable failure, it doesn't matter who you are, you won't get it to work because it inculcates laziness.
You can't borrow your way to prosperity. This is just insanity, the more you borrow the more you owe, the more you borrow to pay back what you owe, the more you owe. This insane notion that we have been in deficit spending since who knows when is ok as long as it doesn't get over such and such GDP has got to end. What is the one thing that Clinton is praised for (I know it wasn't true)? Not being in the red. If Keynesian Economics is such a great thing, then why is he praised for not being Keynesian in that aspect?
The best gratification is delayed gratification: Don't spend if you don't have the money.
Well knock me over with a commie and color me confused. Here is what Karl Jr. is saying here:
We're on fire, so we're bringing on the petrol patrol to douse that dude. Our tires are flat, so let's remove the wheels. We're limping on crutches, time for a double amputation. Our sight is blurry, send in the eye-gougers. The engine of our economy is misfiring, disconnect the spark plugs. Unemployment is high, let's chase away the job providers. It's dark in here, someone blow out that last candle while I curse the light. The brakes are out, steer for the cliff.
Are we surprised? We rescued France from the Nazi Socialists in the 40's, France's children and grandchildren actually voted in socialist part deux. But hey, so did we.
Let the international stupid games begin. The world's on a roll. Good thing it's round.
LOL...love your analogies Rs....
BTW...Canada is OPEN for business...with of the lowest federal corporate tax rate on the planet...
New Immigration law is you MUST be CONSERVATIVE....and to pledge to help us eradicate the Liebral Scum from provincial legislatures.... LOL
When I was traveling in Canada a few years ago, there was an article that stated 1 out of every 5 Canadians were suffering from some form of mental illness. This was when the liberals were in power and they were on the brink that France has just went over. They elected Stephen Harper, a Conservative, and the rest is history. While they may never recover from the devastation of liberalism, they have a pipeline that our liberal president refused to recognize. They are providing well paying jobs to their citizens that Americans desperately need but liberalism will not allow. Check out Obama's home state. It is the worse financially operated state in the country..bankrupt. California, Michigan, on and on. If the state is run by liberals, they are or soon will be bankrupt. This is not rocket science.
Heh, like MiketheMarine in Maryland likes to say (and I paraphrase), "in the heart of the enemy camp and lovin' every minute of it". Somebody has to stand a post. :)
Oh, Nuke. I didn't realize you live in Illinois. I'm so sorry. But I'm in Washington, a state that just elected Democrap Jay Inslee, the dumbest governor EVER. So we'll be joining you in bankruptcy by the end of his term.
Our credit rating here in Illinois just got downgraded. The legislators are dumbfounded. They are still rubbing the sand out of their eyes, it appears.
"Canada is OPEN for business...with of the lowest federal corporate tax rate on the planet..."
Are you certain about that? Are you taking into account any possible provincial and municipal taxes too?
[Edit: Oh, you said "federal". Oops.]
I heard Moodys say yesterday, Canada has the best banking system in the world, and the best financial record in the world too.
The Bank of Canada sent their Top Dog to England to help them sort out their problems. Socialist provincial governments have huge debt and deficits and conservative governments don't. Yet the conservatives get criticized all the time in an attempt to influence people with their lies.
If America didn't police the whole world, and spend fake money from the fake 'Federal' Reserve, which in neither federal, nor has any money in reserve---because they can print it whenever it wants, and stop acting as if the U.S. controlled the IMF, International Monetary Fund, then America would have a booming economy, and voters wouldn't resort to voting for liberal-socialist governments called Democrat in the hope to turn things around. President George W. Bush spent money like a socialist, too, and got us into the beginning of high debt and deficits.
Unfortunately, this mess is continuing with Obama, and he is said by some suspicious economic experts to attempt to 'implode' the U.S. economy. ( a person I heard listening to Coast to Coast AM radio with George Noory a few evenings ago. www.coasttocoastam.com/
These socialists are as dumb as dirt, and very soon America will experience just how destructive they truly are.
In a few more years of Obama a writer could use this article as the basis of an article about the U.S.
Once again we are dealing with a perfect example of liberalism being a mental disorder. The world's economy is being destroyed by a progressive mental disorder known as liberalism and it will only get worse. It begins with narcissism and ends with bankruptcy as reality becomes evident.
And what does France do? Damage control on the story.
Oh, and raise taxes, natch. At least they are also cutting spending.
Raising taxes is a form of spending cuts, didn't you know? At least that's what Obama says. You see, the amount of our income that we get to keep is actually a tax loop hole. Leftists are all about cutting these loop holes. That's how they reduce spending. I know it sounds a little Orwellian. Just pick up the latest edition of the Newspeak dictionary, and it will all make sense.