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Did the French just elect a self-described socialist who wants to raise taxes on the rich? Yes, they did. Is President Barack Obama asking for four more years with an economic philosophy similar to that of the new French president? Yes, he is.
In France, those earning over a million euros would face a tax rate of 75 percent. And one of Francois Hollande's first acts as new president of France was to reverse his predecessor's course and lower the retirement age from 62 to 60 -- this in a country whose projected unfunded pension liabilities for its living...
Barack Hollande