Monday, March 17, 2014

London: France's Sixth Largest City

According to a recent news report, so many people are leaving France for London and other Western countries that London has become known as the sixth largest French city!  The exodus is due to excessive taxation, a current political climate that rails against wealth creation, and a "toxic Marxist Heritage" that motivates the rich and working young to seek a life elsewhere. Here's an excerpt from a post at Carpe Diem that also features the news report:
The French tax lawyer featured in the video above has a warning for Americans, because he sees the US following in the steps of France. With Obamacare and an exploding welfare state that will be someday unsustainable, he says the French can teach Americans about the trap of the welfare state, and how hard it is to escape.
Time to paraphrase Margaret Thatcher again: the problem with socialism is that eventually you run out of other people's money.  And when you bang on those that create the wealth, it'll run out all the faster.