French business erupts in fury against "disastrous" François Hollande

[W.G.Ewald]

French business erupts in fury against "disastrous" François Hollande - Telegraph

An alliance of private organisations in France has issued a protest entitled "State of Emergency for Business", warning that confiscatory tax rates threaten lasting damage to the French economy.

Mrs Parisot said the policies border on economic illiteracy: "The idea of aligning taxes on capital with those on wages is a profound economic error. It is scandalous that the French have been left in such economic ignorance for years."

French business has called for "competiveness shock" of business tax cuts to claw back lost ground against Germany. Instead, it faces an extra €10bn (£8.1bn) of business costs from the budget unveiled in September.

Mr Hollande is tightening fiscal policy by 2pc of GDP next year to meet EU deficit targets, with two-thirds coming from higher taxes. The budget does little to shrink the French state. Spending has risen to 55pc of GDP, similar to Sweden but without Nordic labour flexibility.

French economic growth has been near zero for the past five quarters. It may have tipped into recession over the summer as the malaise spread from Italy and Spain, according to Banque de France.

Socialism :shocked:

 

[uvbar]

socialism or communism will only be successful if the people had their past history of autocracy or anarchy
example tsarist russia==>democractic experiment==>chaos==>communism
qing dynasty==>chaos==>nationalist china==>chaos==>communist china

 

[Armand2REP]

Re: French business erupts in fury against "disastrous" François Holla

i told you it would never pass.

 

[JBH22]

Re: French business erupts in fury against "disastrous" François Holla

This socialism crap is sending France down add to that the lazy crowd from Arab countries stacking up in the suburbs you have the recipe for problem.

 

[pmaitra]

Re: French business erupts in fury against "disastrous" François Holla

Legend about France, and the term Laissez-faire:

According to historical legend, the phrase stems from a meeting in about 1680 between the powerful French finance minister Jean-Baptiste Colbert and a group of French businessmen led by a certain M. Le Gendre. When the eager mercantilist minister asked how the French state could be of service to the merchants and help promote their commerce, Le Gendre replied simply "Laissez-nous faire" ("Leave us be", lit. "Let us do").[citation needed]

Source: Laissez-faire - Wikipedia, the free encyclopedia