Ateneo Professor on Entrepreneurship
From newsmax
Newly installed France President Francois Hollande will call for additional 20 billion Euros in new taxes and cuts in spending of 10 billion reducing deficit from 4.5% of GDP to only 3%. The new taxes will include super tax of 75% for individuals and companies who earn more than one million euros.
The news was welcomed well by the bond market. The 10 year bonds yield went down to only 2% and it is predicted that next year's average will only be 2.9%
There are still a lot of challenges like unemployment which is the highest in 13 years.
What lies ahead for Europe's second biggest economy?
Do you agree with this new policy in France?
Is it OK to impose the same in the PHL? In US?
If you were a millionaire, would you agree to this? Or you will flee your country?
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