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    1. Ok-Law-3268 on

      >Many protesters voiced their support for the proposed “Zucman tax” – a 2% levy on assets worth over €100 million, named after the economist Gabriel Zucman. After passing in the lower house of parliament last spring as a Green initiative, the proposal was blocked before summer by the right-dominated Senate.

    2. Proper-Tower2016 on

      Hopefully France will start a new age revolution, this inequality is killing democracy, not just in France.

    3. CalligrapherTime5638 on

      The truth is that I don’t recommend it at all. I am from a Latin American country with many acquaintances from countries like Venezuela, where taxes on the rich were totally counterproductive since a large part of them went to other countries and left people without work. I don’t know how it works in Europe, but it is not advisable, other solutions should be sought instead of how easy it is to become rich.
      Or if they will do it, let it be well implemented.

    4. Here in France, the left has demonstrated every 3 months for years. Nothing exceptional, we are used to it like train strikes at Christmas time: it’s almost a tradition

      But the left votes for Macron in every election, only to cry “Macron resign” the next day

    5. What’s really annoying with all this is that *it conveniently ignores* that Macron did cut the tax rates for the rich. Raising it wouldn’t bring an extra burden on them, it would merely realign France’s tax system on what it was once before, and I’m not even sure the Zuccman tax would actually offset all of the cuts Macron made before.

      The rich were fine being in France before the tax cuts. But they wouldn’t be it we went back on it a lil bit while saying „oops the supposed benefits never happened, but the budget deficit grew more than expected“ ???

      Yeah right ok. I’m sure it’s a fair trade the workers and pensioners of France ought to have their lives made harder so that rich french people can avoid paying 2% on what they make above a gazillion euros.

    6. johnniewelker on

      France biggest problem is not inequality, it’s economic productivity.

      France has been a laggard in economic productivity the past 30 years. If something like that happens, of course you don’t have enough money to go around: the pie didn’t grow fast enough.

    7. ForTheGloryOfAmn on

      You have to reform the pension system in France, that’s what is driving inequality. You can’t sustain a Ponzi scheme based retirement system. There are not 4 workers per pensioner anymore in France.

      Instead of relying on future tax payers, France should adopt what Australia implemented in the 90s: compulsory superannuation. It’s a savings system for workplace pensions in retirement, every worker contributes a percentage of their income into an individual retirement savings account, managed and invested over their career. Employers also contribute, which means wealth builds over time.

      It’s a much fairer model which doesn’t depend on shrinking worker to retiree ratio. Each person’s retirement savings reflect their own contributions and investments. Your account is yours, not dependent on political decisions or the financial health of the state.

      Your money is real, invested and grows over decades instead of being shuffled from one generation to another.

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