The Problem With Socialism

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The problem with socialism, in a word, is socialists. They like communal funding and high taxation when someone else is paying it, but, when it comes to arranging their own lives, it's a different matter.

France's former budget minister Jérôme Cahuzac admitted on Tuesday that he had held a secret bank account abroad – a fact that he has strenuously denied until now.

His admission comes two weeks after he resigned from the Socialist government over allegations that he had siphoned funds into a UBS bank account in Switzerland in order to avoid paying taxes in France.

 And that's the way the Ball bounces.

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