Newly elected French President Francois Hollande hates capitalism. He has called the world of finance his “enemy.” Hollande wants to “curtail” financial activities in Paris, removing it as a hub of worldwide finance. Then, the Socialist Hollande wants to take a few days off in his house on the French Riviera….actually, make that houses.

According to the Daily Mail, the Socialist-In-Chief has three “holiday” homes on the water, with an estimated value of £1million:

The 57-year-old who ‘dislikes the rich’ and wants to revolutionise his country with high taxes and an onslaught against bankers is in fact hugely wealthy himself…

As well as the spacious Paris apartment he shares with his lover Valerie Trierweiler, Hollande owns a palatial villa in Mougins, the prestigious hill-top Cannes suburb where the artist Pablo Picasso used to live…

It is valued by the Official Journal at €800,000 (£642,000), and is just a short drive from Hollande’s two flats in the Cannes. They are each priced at €230,000 (£185,000) and €140,000 (£112,000).

Much of Hollande’s campaign success was making sure that former President Nicholas Sarkozy was the “Bling Bling” president. Was this information hidden from the French people, or are the French press simply as inept at vetting their candidates as the US press?

Hollande’s opposition to austerity measures is going to be the focus of his meetings with German Chancellor Angela Merkel. Hollande, like his comrades in the Golden Dawn party in Greece, do not believe in financial restraints. A Hollande spokesman said that the ‘politics of austerity’ was failing to improve the continent’s financial crisis.

Hollande’s answer to austerity is a 75% tax on incomes over €1 million while simultaneously attempting to eliminate jobs in a major industry in Paris. After that fails, maybe he can sell a house or two to get that economy going. Or, maybe three.
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