Thursday, 26 April 2012

On the French elections

These days outside school and in addition to Anders Behring Breivik, the topic that captivates my attention is the presidential election in France. 
What I think: 
Not Hollande. Not Hollande. Not Hollande. 
Some Norwegians I've encountered seem to be in favour of him, because, understandably, that's a socialist. If in the end, unfortunately Hollande's elected, I can somehow understand, because in the midst of economic crisis people with low incomes tend to strongly dislike rich people as well as capitalists and start to give support to socialists who guarantee them more equality and higher standard of living (even if thanks to them the country will soon be doomed) and some of the voters vote for Hollande simply out of hatred for the pompous Sarkozy (even if he has experience and abilities and has done a good job so far for the economy). 
But seriously, that Monsier says people who earn from 1 million euro a year will have to pay 75% tax. Does he have any basic knowledge of macroeconomics at all? Has he ever heard of the Laffer curve at all? On the surface, it sounds good- you know, rich people will have to pay more and that money goes to other groups in society and can be spent on education and health care and other things, and there's more equality. But only naive and/or ignorant people think so, because, 75% is too high and is disincentive- it discourages entrepreneurial activities, makes rich people (who bring employment for the economy) move to other countries and slows down economic growth, and this is even more dangerous and harmful in a time like this, where many countries in Europe are already in trouble (Spain, Italy, Greece, the Netherlands...) 
French people, don't be naive. 
Don't vote for Hollande. 

There's an article here about him as well. 

Update: As expected, the French, detesting Sarkozy's pompous personality (without caring about what he's done), have chosen the simple socialist who, according to many articles, not only appears dull, weak and dim-witted but also has no personality and nothing of his own, promises some change (sounding like Obama) and imitates Francois Mitterand, a popular French socialist. 
(Seems like people who voted for Hollande would vote for anyone just to get rid of Sarkozy).
They have chosen change. Whether or not the change will be good and beneficial for their country, whether or not they have been wise, is debatable. Time will answer. 
(Hope that I was wrong).

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