France's Socialist President

About To Discover Just

How Much Exciting New Tax

Revenue He Can Expect From

Jacking Up The Rates

French businesses facing bankruptcy or having to shed jobs over these new taxes are revolting:

http://www.telegraph.co.uk/finance/financialcrisis/9610717/French-business-erupts-in-fury-against-disastrous-Francois-Hollande.html

But God forbid somebody try to convince a socialist jacking up the tax rates almost NEVER leads to the State collecting more revenue.

Hollande is about to learn the very same painful lesson that Jerry Brown and Democrats in California learned last year.

http://drawandstrike.blogspot.com/2012/05/this-just-in-progressives-shocked.html

Oh wait. NO, they didn't learn anything.  My bad.  Hollande likely won't either.  I just remembered these are Liberal Socialists we're talking about here.  How many times this actually fails in the real world doesn't matter because THE THEORY IS SOUND.