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As we approach the end of 2012 we continue to see the scenario that Ayn Rand dramatized in Atlas Shrugged playing out in our world. As predatory politicians penalize and vilify the most productive members of our society (who are, on average, the most prosperous, too), those would-be victims flee.
The war between expropriators and producers has taken a wholly expected turn in France. The recently-elected socialist government announced plans to slap a 75 percent tax rate on the dwindling number of its citizens who make more than a million euros (about $1.2 million). Obamanomics on the Continent!