France's Reckoning: Rich, Young Flee Welfare State

Out of paradigm video report below from the CBN people examining the current situation in France where there has been a recent policy transition towards more fiscal austerity in the form of decreased govt spending and perhaps some tax increases in an effort to maintain deficit reduction.

Looks like it has become a big bruhaha over there with threatened exodus and class warfare being waged in the media and politics and in one case there is a reported  kidnapping of a corporate executive allegedly by labor union members so they could be on the edge of real chaos over there similar to what we have seen in Ukraine.

I don't know what the top tax bracket is in France but here in the US it is currently 39.6% ($400k+) which does not look high enough to foment this type of griping and "I'm leaving the country" type of complaining from the libertarians here at this point.

(Also, I don't know where a libertarian from the U.S. could go to find another libertarian paradise like this one so the U.S. could be the end of the line for the world's libertarians currently, they cannot find a lower bottom of the barrel place for themselves to go, but I digress...)

This is a situation to watch in 2014 to see if the current serious levels of European austerity will actually foment chaos in a major northern economy in earnest this year as the weather starts to improve.  Looks like it is at least heading in that direction for sure.