Socialist contender for the French presidency François Hollande has provided a surefire scenario for wrecking what’s left of the French economy – and irrefutable proof that left-wing ideology is invariably flawed, fatally so.
If elected, Hollande solemnly swears, he will go after everything and everyone that generates even a centime of money.
Mr. Hollande said on Sunday that some of his first actions, were he to win the presidential election, would be to shackle the world of finance—which he described as his “main foe”—and raise taxes on the rich.
[…] To police the financial sector, Mr. Hollande said he would force banks to split their investment and retail operations. He said he would order banks to cut bonuses, and push through a tax on financial transactions.
Indeed, there’s no better way to destroy any economy and jobs.