Lessons to be Learned?

Heard this morning where France is suffering from severe economic distress.  Their national debt is rising and is suffocating, the tax rate on the wealthy is 90% and the wealthy are leaving the country in droves limiting the group that the French government was counting on to pay for all these entitlement programs, there are no real prospects for economic expansion and unemployment is highest it has been in decades.  Now the French government has to start raising taxes on the middle class.

Hmm, stop me when you see a pattern developing here.  Replace the word “France” with “US” and add about 4 years and you will have groundhog day!  (Movie reference)

 



Categories: Business

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