pull down to refresh

France raises taxes in the fight against fiscal bankruptcy
730 sats \ 11 comments \ @TomK 3 Oct econ
After France decided to extend AI-supported surveillance beyond the Olympic Games, it is now taking a significant step in the fight against excessive national debt: taxes on companies and the rich are to be increased, as they say 'temporarily'. We all know what temporary tax increases mean in this system - they are permanent
Not a word about spending cuts, fiscal discipline or a change in thinking about the welfare state. Thus, France once again offers the blueprint for the final chapter of a popular democracy that drains the purchasing power of the productive classes in order to gain ever new advantages in the struggle to buy votes. The economic crisis of the bankrupt state will deepen further and it will certainly not be able to get its debts under control in this way. The European Union is facing difficult times, as this political pattern is being repeated in all states.
But there is one good thing about this economic decline, as can also be seen in Germany: they will win the battle against the climate change they have hallucinated by reducing their emissions and industry ever further.
https://www.lemonde.fr/en/economy/article/2024/10/02/french-finance-minister-says-new-tax-hikes-to-target-the-wealthy-and-be-temporary_6727967_19.html
write
preview
related posts
80 sats \ 0 replies \ @fm 3 Oct
We all know what temporary tax increases mean in this system - they are permanent
spot on...
Lets see how much time to implement the UK pay per mile here in the EU..
reply
57 sats \ 2 replies \ @Coinsreporter 3 Oct
I'm fed up with this concept of tax where some fat guy prints papers, gives them to public and ask them back. If we take into consideration the whole of fiat scam, we see a ear picture. The government says it promises a value to the bearer but in fact, it's the bearer who provides it the worth and then the government asks the worth back... The spiral goes on and on..
When would these governments start to earn for themselves? They've got ressources, they can utilise. But why would these politicians bother when they can get their salary out of people's money and for extra income, they would surely exploit for themselves.
reply
10 sats \ 0 replies \ @drlh 3 Oct
When would these governments start to earn for themselves?
IMF and world bank would never earn for themselves while fiat system is still there. And the biggest beneficiaries of their activity are Europe, North America, Japan, South Koreea. The democracies.
So no. Never when there is still fiat abroad.
reply
1 sat \ 0 replies \ @TomK OP 3 Oct
Postmodern democracy is a scheme to establish a kind of new feudalism with the difference that the new aristocracy consists of social losers and crap. The dumbest are in power and they are plundering us blind
reply
47 sats \ 0 replies \ @398ja 3 Oct
Not a word about spending cuts, fiscal discipline or a change in thinking about the welfare state.
💡
reply
21 sats \ 0 replies \ @Cje95 3 Oct
Hasn’t France already faced people leaving their country over taxes and becoming citizens in other EU countries?!
Also I feel like Ireland loves hearing the raising of taxes so more French companies relocate over there for a tax break!
reply
33 sats \ 0 replies \ @justanumber 3 Oct
I have a French lefty friend who will cheer on the taxing of ppl who have more money than her, due to her brainwashing, which has fostered a victim and scarcity mindset and jealousy.
reply
0 sats \ 0 replies \ @justanumber 3 Oct
Everyone needs to make strides to opt out of all this bullshit.
reply
0 sats \ 0 replies \ @justanumber 3 Oct
Yes, they always say this shit is temporary to appease the masses, so they don't have to bother looking up from their slumber.
I note they say that the "future smart cameras will not use facial recognition systems. Unless France takes inspiration from the United Kingdom in this area.'
I guess LFR (live facial rec) will come later then. UK certainly seems to be the leader on all that Shiz
https://gettotext.com/ai-surveillance-will-be-widespread-in-france-the-government-goes-back-on-its-promise/
reply
0 sats \ 0 replies \ @jgbtc 3 Oct
Raising taxes to reduce debt always does the opposite.
reply
0 sats \ 0 replies \ @IamSINGLE 3 Oct
they will win the battle against the climate change they have hallucinated by reducing their emissions and industry ever further.
They are in fact going to lose it again. This is the last few days they are gonna talk about Climate Change.
reply