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  Measures such as this will provoke a dramatic brain drain and cause France to spiral into a deflationary decline which will last for a generation. Hopefully this will also help the EU to come apart at the seams. When will governments wake up to the fact that hiking tax rates to high levels for political or ideological reasons inevitably just leads to a reduction in economic output and therefore to a reduction in tax revenues?
  
  But all that matters to Hollande is to garner enough of the blue collar vote to see off the challenge from the Front National, and devil take the national interest.

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