In a two-hour speech to about 10,000 supporters north of Paris, she laid out a 100-proposal platform, pledging to raise pensions, to increase the minimum wage to €1,500, or about $2,000, a month and to guarantee a job or further training for every youth within six months of graduating from university.
I would assume that not many are surprised by this, after all, she is a socialist. It's always nice to hear feel-good socialist ideas, until you get to the point where one has to consider how to pay for them, should they be implemented.
"The unfettered rein of financial profit is intolerable for the general interest," she said. "You told me simple truths. You told me you wanted fewer income inequalities. You told me you wanted to tax capital more than labor. We will do that reform."
There's that evil word again, profit. Here's a real secret: Companies with no profit create no jobs. I would think that socialists would have realized this by now, but I digress.
Go back to pre-Mussolini Italy and see the value of having workers take over factories and other types of companies. Look how long they lasted after they wrested them from the rightful owners by force. If that's not enough for you, try looking at how the new Arizona minimum wage law is affecting the unskilled jobs market. Then, come back and tell us how economic socialism is better than market capitalism.