August 1, 2012

Everything You Always Wanted to Know About Shafting French Companies and Investors (But Were Afraid to Ask)

http://news.sky.com/story/967285/france-introduces-financial-transaction-tax

This is sheer genius. How does one deter investment in French companies while shafting individual investors who don't have the resources or know-how to use loopholes? Introduce a levy on financial transactions.

A vast conspiracy of unprincipled City "speculators" could not have come up with something better to punish France and encourage investment outside its borders.