The new socialist government in France is getting a lesson on reality.
According to Rick Moran, the Hollande government needs another 10 billion euros this year and 33 billion next year. That's 43 billion euros that they need but don't have.
President Hollande is also finding out that the rich are not stuck to France. In fact, many are leaving and moving to places where taxes are more reasonable.
We said in a previous post that Europe is our "ghost of economies future". Let's hope that voters this November reject the Obama administration and a avoid here what we are seeing in France.
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Tags: They raise taxes on the "rich" in France and the "rich" move out
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