In politics, one should watch what political agents do rather than simply believe on what they say.
From the Economist
“I DON’T like rich people,” François Hollande once said. When campaigning for the French presidency in 2012, he promised an end to bling, a top income-tax rate of 75% on the rich, and a modest, “normal” presidency in touch with the people. Now the Socialist president’s new disclosure rules reveal that seven of his ministers, including his prime minister, Jean-Marc Ayrault, are millionaires. Laurent Fabius, the foreign minister, who comes from a family of art dealers, duly declared over €6m ($7.9m) of assets, including a flat in Paris worth €2.7m and two country houses. Michèle Delaunay, minister for the elderly, reported €5.2m of assets, including two properties in Bordeaux and two houses in different south-west resorts. Until now, only the president had to publish his wealth. Mr Hollande’s 2012 declaration included two flats in Cannes and a villa nearby, valued in all at nearly €1.2m, just under the threshold at which France’s annual wealth tax kicks in.
To rephrase Mr. Hollande’s campaign slogan “I don’t like rich people competing with me, so I’ll tax them to oblivion”.
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