The idea is a popular one with the innumerate but it has never worked - from the UK Independent:
'France is totally bankrupt': French jobs minister Michel Sapin embarrasses Francois Hollande with shocking statement on state of the country's economy
France’s employment minister Michel Sapin has admitted the country is “totally bankrupt”.
The unexpected news came during a radio interview yesterday and is thought to have sent the country’s business leaders into a state of shock.
“There is a state but it is a totally bankrupt state,” Mr Sapin said. “That is why we had to put a deficit reduction plan in place, and nothing should make us turn away from that objective.”
Mr Sapin’s “totally bankrupt” statement is likely to cause huge embarrassment for President Francois Hollande, who will be left to undo the potential damage to his socialist government’s reputation.
It also calls into further question Hollande’s controversial “tax and spend” policies that have seen numerous entrepreneurs and high profile celebrities leave the country.
Never works as planned. The makers either leave or go Galt and the takers max out the safety nets and then turn around and demand even more.
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