A big price has to be paid if taxes are raised

A friend of mine who lives in France was home over the weekend.

He explained to us that the French government is rapidly extending its tax net to grab more money off taxpayers to fund debt and overspending.

Does that sound familiar? Before Christmas, all of us will, once again, be roasted by a troika-led government that seems willing to add taxes instead of reduce spending as a means of correcting our finances.