The new Macron government decided to tax the rich. The result is the 'rich' are leaving the French Riviera for other coastal cities which are not imposing high taxes on tourist. Southern France is really dependent on the tourist sector and with less tourist, there will be less tax revenue for the Macron government to spend. Governments tends to use more of the same medicine to solve the problem: they will raise taxes again. This way France will become the next Greece, rather sooner then later.
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Good thoughts