*From Bloomberg News reporters Tara Patel, William Horobin, and Claudia Cohen:*
As Prime Minister Sebastien Lecornu navigates a narrowing path to political survival, the 39-year-old is under pressure from the left, the extreme right and even his own centrist allies to include higher levies on the well-heeled as part of an effort to rein in the largest deficit in the euro area.
The country’s fifth premier in less than two years on Friday criticized calls for a broad-based wealth tax, including one proposal named after economist Gabriel Zucman. But he left the door open to measures that could affect the richest, saying it’s impossible not to hear French people’s demands for “tax justice.”
Debate is raging with rare intensity in France on whether the wealthy should shoulder a bigger role in filling government coffers.
xgxnt on
They will just leave France and register their companies in another countries, good luck with that. We have so many examples from history, Norway was the best one.
Rik_Ringers on
It would be nice if the French could succesfully set a functional precedent here. Or with other words it would be nice if the French managed to build a tax system that puts the burden far more on the wealthy withought significant negative economic effects, to a point that it’s clearly succesfull in its aim and utility.
Droidsexual on
Oh no! Not the wealthy! Unfettered wealth accumulation never hurt anyone!
madnessone1 on
Norway tried it, I think they ended up losing more than they gained in people moving away their assets
Dennisthefirst on
The rest of the world needs to follow. For the planets people, the world is becoming more unequal every day.
Dingus_Suckimus on
Hooray 🎉
1urk3r88 on
You can tax all rich people 99% – it will still not solve the problems of this sinking welfare state 😂
the rich pay disproportionately more taxes than what others pay – and the value for money what we all get is still SHIT, because the system is shit and not transparent
it’s no wonder why UAE attracts all the wealth – the only way to solve the problem is lower taxes, end of welfare and flat tax for all
Make Europe great again! On the road we are now on – we will never be competitive to china or the US
UnMaxDeKEuros on
It’s turning to be not only a fiscal justice problem, but also a democratic one. We do not want to become like the US where an handful of oligarchs can influence elections and dictate politics.
NewOil7911 on
I find this whole media campaign against the demands of tax to the ultrarich just *bizarre.*
We’ve got people that have an individual wealth equal to the GDP of medium to major countries.
We’ve got people whose revenue is tens of thousands of times the one of the lowest salary in their company, after taking into account the wealth increase from stocks.
And yet we’re supposed to shed a tear for them.
At the same time we need to dismantle brick by brick the welfare state because we don’t have the money apparently.
g0ggy on
I hope Zucman gets this ball rolling across the EU. People are finally starting to listen to the voices of experts in many European nations. If you zoom out a bit the patterns are all identical in our nations.
Judge_T on
I wonder if Melenchon will actually vote in favour of this. Let’s see if he cares more about fighting Macron or about fighting inequality.
ParticularFix2104 on
LETS FUCKING GOOOOOOOOOOOOOO
BenderRodriguez14 on
Macron and co would sooner cede all power to National Rally.
Xender_Tepes on
I hope that all these “rich” people, that is, successful entrepreneurs, will see this as a wake-up call and leave France, thus closing their businesses and leaving all these angry people without jobs.
Independent-Slide-79 on
In my opinion the only way to keep the civilisation going. We are in rhe endgame, its rather us or the rich
16 commenti
*From Bloomberg News reporters Tara Patel, William Horobin, and Claudia Cohen:*
As Prime Minister Sebastien Lecornu navigates a narrowing path to political survival, the 39-year-old is under pressure from the left, the extreme right and even his own centrist allies to include higher levies on the well-heeled as part of an effort to rein in the largest deficit in the euro area.
The country’s fifth premier in less than two years on Friday criticized calls for a broad-based wealth tax, including one proposal named after economist Gabriel Zucman. But he left the door open to measures that could affect the richest, saying it’s impossible not to hear French people’s demands for “tax justice.”
Debate is raging with rare intensity in France on whether the wealthy should shoulder a bigger role in filling government coffers.
They will just leave France and register their companies in another countries, good luck with that. We have so many examples from history, Norway was the best one.
It would be nice if the French could succesfully set a functional precedent here. Or with other words it would be nice if the French managed to build a tax system that puts the burden far more on the wealthy withought significant negative economic effects, to a point that it’s clearly succesfull in its aim and utility.
Oh no! Not the wealthy! Unfettered wealth accumulation never hurt anyone!
Norway tried it, I think they ended up losing more than they gained in people moving away their assets
The rest of the world needs to follow. For the planets people, the world is becoming more unequal every day.
Hooray 🎉
You can tax all rich people 99% – it will still not solve the problems of this sinking welfare state 😂
the rich pay disproportionately more taxes than what others pay – and the value for money what we all get is still SHIT, because the system is shit and not transparent
it’s no wonder why UAE attracts all the wealth – the only way to solve the problem is lower taxes, end of welfare and flat tax for all
Make Europe great again! On the road we are now on – we will never be competitive to china or the US
It’s turning to be not only a fiscal justice problem, but also a democratic one. We do not want to become like the US where an handful of oligarchs can influence elections and dictate politics.
I find this whole media campaign against the demands of tax to the ultrarich just *bizarre.*
We’ve got people that have an individual wealth equal to the GDP of medium to major countries.
We’ve got people whose revenue is tens of thousands of times the one of the lowest salary in their company, after taking into account the wealth increase from stocks.
And yet we’re supposed to shed a tear for them.
At the same time we need to dismantle brick by brick the welfare state because we don’t have the money apparently.
I hope Zucman gets this ball rolling across the EU. People are finally starting to listen to the voices of experts in many European nations. If you zoom out a bit the patterns are all identical in our nations.
I wonder if Melenchon will actually vote in favour of this. Let’s see if he cares more about fighting Macron or about fighting inequality.
LETS FUCKING GOOOOOOOOOOOOOO
Macron and co would sooner cede all power to National Rally.
I hope that all these “rich” people, that is, successful entrepreneurs, will see this as a wake-up call and leave France, thus closing their businesses and leaving all these angry people without jobs.
In my opinion the only way to keep the civilisation going. We are in rhe endgame, its rather us or the rich