And I suspect Macron will endure the ridicule to give the French a little longer before they shoot themselves in the foot.
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Maybe if the little people werenât taxed so heavily, and were able to keep more of their money they earned - they might feel it was worth working harder, or longer; the more they earned, the more they kept. Just a thought. Trouble with all this talk about âtaxing the rich - the rich can always - and do - leave; the rich do provide employment for others, and spend their riches in france. Chase them out - and a lot of money that is usually spread around disappears with them. Itâs happening - noticeably now - in the UK, and certainly in London. Let the lower paid keep more of their money would be a first step. Stop all the bureaucratic nonsense of form filling, and getting âapprovalâ for this, that and everything - get rid of many of the civil servants - and their well-funded pensions. Any one with common-sense, and no political axe to grind, knows exactly what needs to happen. Mr Micawber, anyone ?
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Macron wonât resign because although heâs domestically unpopular and impotent, externally heâs still an important and effective European leader. Internally heâll endure the crap in order to protect his unpopular, but necessary legacy of pension reform.
Parties on the Left and Right both want to bring down the government, but none have any realistic proposals to deal with the deficit
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And he and the German chap are leading the support for Ukraine
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Particularly given Melanchthon and Le Pennâs murky history of relationships with Russia.
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What do you lot of non actives in France think of the taxe Zucman? Good or bad?
Many of whom are among the low paid! And their pensions are no better or worse than other French people.
Mais le salaire annuel net en Ă©quivalent temps plein (EQTP) dâun agent de la fonction publique est en moyenne de 29 450 euros alors que celui dâun salariĂ© du secteur privĂ© sâĂ©lĂšve Ă 30 600 euros soit 3,7% de plus.
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Would you have a link for that, Warren, so I can educate myself?
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I think itâs quite progressive. Itâll affect ~1800 people.
Here you go Taxe « Zucman » : le SĂ©nat rejette la crĂ©ation dâun nouvel impĂŽt sur les ultra-riches - Public SĂ©nat
https://www.ouest-france.fr/economie/impots-fiscalite/taxe-zucman-quels-parlementaires-avaient-vote-pour-son-instauration-lors-de-lexamen-de-la-loi-1c06da9a-9464-11f0-ba23-92c6f4a2bc09
https://www.lesechos.fr/idees-debats/cercle/taxe-zucman-on-savait-quon-pouvait-se-tirer-une-balle-dans-le-pied-desormais-on-vise-la-tete-2188886
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Have taken Janeâs quote for an exampleâŠ
Pls note in this text the word âmoyenneâ many in the fonction publique do not earn this amount when working let a lone in retirement.
My son said last night that they (teachers) HAVE to work next wednesday afternoon for FREE as an acte of solidaritĂ© as instructed by his principale. Normally weds afternoon in collĂšge there are no classes and the staff have the afternoon off which is very handy to do middle of the week stuff like sorting out domestic problems which you canât do at weekends or evenings or even stay in school and do prep for the following days voluntarily. The staff at his collĂšge are not happy but have been told they will be breaking the law if they do not comply with this demand. Anyone else in the teaching sector on SF heard about this?
Well, if heâs talking about la journĂ©e de solidaritĂ©, then heâs right and itâs a good thing, in my opinion.
Some info here: What is the solidarity day? | RSM France
This, I regret to inform you, is a fallacy.
While itâs true that some rich people will move elsewhere if taxes on them are raised, those in the super-rich bracket will have already taken steps to stash their money in low-tax jurisdictions as much as possible. Some of them âprovide employmentâ but many do not - they are wealthy because of inherited land and property or because of investment income - they are not directly involved in creating employment, nor does giving them tax breaks (as individuals) cause them to employ more people.
Also they do not âspread aroundâ very much of their money in any particular country - most of it is not spent (they have more money than they can realistically spend on goods and services) - it stays invested in stocks and shares that are distributed globally - just as pension fund managers do on behalf of us little people.
The rich get richer because in most economies the income from stocks and shares is taxed at a much lower rate than that from employment earnings - supposedly to âencourage ordinary people to save and investâ but in actuality to help rich people stay ahead.
The concept of âtrickle-down economicsâ, where you donât âover-taxâ the rich on the assumption that their wealth will trickle down to everyone else, has been a mantra of the Right for many years but has been proved to be demonstrably false.
As this article by the LSE explains, tax cuts for the rich do not benefit the general economy but simply increase wealth inequality.
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Only problem is that there will be no pupils to teach and nothing to do for five hours that all the teaching staff donât normally work on weds.
[quote=âConcorde, post:22, topic:55349â] Trouble with all this talk about âtaxing the rich - the rich can always - and do - leave; the rich do provide employment for others, and spend their riches in france. Itâs happening - noticeably now - in the UK, and certainly in London.
[/quote]
The alleged mass exodus of millionaires following the Tories losing power never happenedâŠ
Although this guy did leave (no great loss)âŠ
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Not to forget that they also buy up assets, such as flats and houses, making it more expensive for the rest of us to try to buy such things.
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I think there was more of a âsmall exodusâ following Brexit - people like Sir James Dyson who after exhorting all of us to vote to leave the EU because it would make the UK a land flowing with milk and honey and rich in business opportunities, promptly upped and moved his business to SingaporeâŠ
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Donât leave out part of their defense mechanism is to sow fear mongering and threats from immigrants etc etc and we are where we are. Keep us all fighting amongst ourselves whilst they quietly stuff us some more.
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