This article on the BBC suggests both these things are true:
What measures might a French right government take to deal with this, do you think? As a foreigner with a Maison secondaire I’m genuinely interested.
Grab your pitchfork, gilet jaune and prepare to join in! 
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I’d argue that nobody won the election, because none of the parties were able to form a viable government that could survive a vote of confidence.
The temporary coalition of left of centre parties could have fragmented (as it will eventually) to form a moderate centre/left of centre coalition, but instead of being pragmatic in order to implement some of their agenda, they remained ideologically stubborn and refused to participate in a coalition government. As a result they achieved nothing.
Re the backdrop to all this is France’s enormous budget deficit which is currently above the EU’s acceptable maximum. As a result there is a need to either increase government revenues and, or decrease public spending. My worry is that France might start to experience public sector cutbacks similar to those in the UK of the last decade or so.
Incidentally, the left were proposing a €100 billion increase in public spending which in the present circumstances is wholly unrealistic.
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Oh dear, I feel a winter of discontent coming on bigtime starting with the farmers already moaning on the lunchtime news. Best keep your petrol tanks filled up as we know who will be joining the ranks from previous years of unrest.
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Thanks Mark. I don’t really have enough experience with French politics yet to read the room, but it seems to me that compromise is not something that comes easily or sometimes even at all.
Regarding the deficit, again I don’t know, but your insight suggests France is very much living on both borrowed time and money at this point, and there will indeed have to be a reigning in of public spending. I certainly don’t wish hardship on anyone, but I’d think it likely the longer it’s delayed the worse it will be. Can the French cope with more tax?
That’s as maybe but the groups that distinctly didn’t win are the two that now hold most of the cabinet seats. Which is disgraceful in a supposed democracy.
Didn’t read the linked article yet, but I think we may be seeing the start of the end of the 5th Republic.
The middle class and working class French will have no choice but to cope. The rich French will just non-dom to Switzerland, Monaco etc. as they did when Hollande tried to tax them.
Interestingly enough, I read that the U.K. is haemorrhaging millionaires at a record pace at the moment in anticipation that Labour will do the same under Starmer.
What is involved in a new Republic? This sounds like would be very bad news.
I really wish people in France would realise how lucky they are.
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True, but it’s at least in part because the centre left remained ideologically rigid and were unable to pragmatically compromise in order to help form a workable majority coalition.
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Got a link?
Charlie Mullins has put his penthouse up for sale to leave for abroad as he is scared of Labour coming after his millions.
That’s one we’ll be glad to see the back of.
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My son was griping ealier than he and his partner have to pay to work - over €400/month for the toddler to go to crêche 3 days per week and they get absolutely nothing from the CAF as they are less than a hundred euros over the earning limit for help and yet there are parents there who do not work but still put their kids in the crêche and don’t pay anything. Not exactly enticing people to work is it?
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Seems the Guardian agrees -
Britain’s millionaires are fleeing. Good night and good luck, I say | Nels Abbey | The Guardian
And the far right were jumping up and down eager to compromise? Unfortunately too much power in Macron’s hands and he was not prepared to be anything other than rigid.
It takes two sides (or more in this case) to compromise.
That statistic was pretty soundly demolished on More or Less this week. The methodology seems to be monitoring LinkedIn to try to figure out where people live.
Yet other reports from the likes of UBS say the same thing - the UK has become less attractive to the wealthy.
Good riddance. If they want to come back, tax them at a rate that makes up for what they didn’t pay whilst away. If they have UK earning assets, tax them double. Greedy people who want more and more are assho***.
The UK should take a leaf out of the IRS’s book and declare that the worldwide income of UK citizens is liable for tax, no matter where they live.
IIRC that is what caused a certain Mr Johnson to renounce his US ctizenship.
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I’ll lay money that they’re all quoting the same press release. It’s worth a listen to the More or Less episode to understand the “methodology”
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