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Thread: France risks ‘social explosion’ over high taxes

  1. #1

    France risks ‘social explosion’ over high taxes

    In a damning secret report leaked to the press on Thursday, regional officials have warned the government that France risks civil unrest over anger at continued tax hikes. France is the second-most taxed European country after Belgium.

    France is on the verge of a “social explosion” over ever-increasing taxes, regional officials have warned the government in a private briefing that was revealed Thursday by conservative daily Le Figaro.
    The report, compiled by France’s prefects (regional officials responsible for policing and civil administration) at the end of October, said French society was “rife with tension, frustration and anger” over seemingly endless hikes in taxes as ordinary citizens’ spending power continues to plummet.
    France is the second-most taxed European country after Belgium. Much of it is paid through social charges (income tax is relatively benign) which the French have been happy to contribute in return for decent public services and an unemployment safety net.
    But patience is wearing thin. New levies, imposed as the government tries to rein in soaring public debt, risk sparking civil unrest, as seen last month in Brittany over a new green tax on heavy goods vehicles, the prefects warned.
    'Fertile territory for social explosion'
    The government was forced to cave in and “suspend indefinitely” the so-called “eco-tax”, which was due to go into effect in January 2014, after tens of thousands of farmers, hauliers, fishermen and small business owners protested in demonstrations that turned violent.
    In the report, the prefects said that roadside cameras installed across France to monitor traffic for the new tax had become symbols of fiscal oppression, and demanded that they be “removed before they are all destroyed”.
    But public anger extends well beyond the new green tax, they warned, insisting that without a sea-change in the country’s economic prospects, especially for small businesses, France could expect more trouble.
    "A progressive roll-call of bankruptcies and forced redundancy plans is having a marked effect, they wrote. “And as the bad mews mounts up, there is an atmosphere of pain and despondency. There is a lack of hope for the future, and this is fertile territory for a social explosion in France.”
    French President François Hollande's Socialist government is set to impose an extra three billion euros of taxes in 2014, through measures including raising VAT to 20 percent and a new 75 percent tax rate for the country’s top earners (on incomes over one million euros), pushing France’s tax take to 46.5 percent of the economy.
    France risks ‘social explosion’ over high taxes - FRANCE - TAXATION - FRANCE 24

    Unfortunately, I guess we are going to see a social explosion in France sooner than I thought.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  2. #2
    "The problem with socialism is that you eventually run out of other people's money." - Margaret Thatcher

    Although it will never happen due to political correctness and the liberal viewpoint, France needs to take a serious look at the cost of absorbing over 4 million Muslims that never integrate into society and where most continue to be leaches, rather than viable tax paying citizens. The days are gone where politicians can freely suck money out of productive citizens to pay for non-productive freeloaders without repercussions from the victims of their tax schemes.

    http://en.wikipedia.org/wiki/Islam_in_France

    The government's attitude toward over taxation: "Let them eat cake."

    We have the same problem in the USA in almost all liberally dominated states. New York, California, Illinois, etc.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #3
    Quote Originally Posted by TopDogger View Post
    "The problem with socialism is that you eventually run out of other people's money." - Margaret Thatcher

    Although it will never happen due to political correctness and the liberal viewpoint, France needs to take a serious look at the cost of absorbing over 4 million Muslims that never integrate into society and where most continue to be leaches, rather than viable tax paying citizens. The days are gone where politicians can freely suck money out of productive citizens to pay for non-productive freeloaders without repercussions from the victims of their tax schemes.

    Islam in France - Wikipedia, the free encyclopedia

    The government's attitude toward over taxation: "Let them eat cake."

    We have the same problem in the USA in almost all liberally dominated states. New York, California, Illinois, etc.
    The socialists would have never been in power without generations of immigrants. Billionaires like Bouygues who made their money on the back of immigrants and destroying French worker wages. Each side screw up, that's why I don't vote anymore, they are all gangsters.

    French must buckle up, because the gangsters are destroying what all workers had fought for more than a century.

    January 1st in France is the application of new taxes, I believe that it will not take long before social unrest start.
    Last edited by Franc Tireur; 3 December, 2013 at 15:29 PM.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  4. #4
    France to Create More Troubles for the Eurozone?

    My take on the eurozone is that the smaller financially-troubled countries will eventually lead the bigger countries into a further economic slowdown and cause more problems for the eurozone. We can see this right now. While Germany, the biggest economic hub in the eurozone, has kept strong ground, France, the second-largest economy in the eurozone, has become a victim. According to the National Institute of Statistics and Economic Studies, manufacturing output in France declined 1.1% in the third quarter from the second quarter of 2013, and dropped two percent on a year-over-year basis. Demand in the country is in the slumps; manufacturers of electrical and electronic equipment witnessed a decline of 1.9% in output, and manufacturers of food products and beverages saw their output plummet 2.3% year-over-year. (Source: National Institute of Statistics and Economic Studies, November 8, 2013.) But the misery for the French economy doesn’t end with those bleak output figures. Standard & Poor’s (S&P), the credit rating agency, recently slashed the credit rating of France one notch lower. The statement from S&P: “We believe the French government’s reforms to taxation, as well as to product, services, and labor markets, will not substantially raise France’s medium-term growth prospects.” (Source: “S&P lowers France credit rating, cites slow reform pace,” Reuters, November 8, 2013.) The French economy facing a further economic slowdown shouldn’t be overlooked by investors here in the U.S. economy. As I repeatedly say in these pages, the U.S. economy isn’t isolated from what happens elsewhere in the global economy. Dear reader, the eurozone remaining in an economic slowdown (and it could actually get worse before it’s over) tells me the global economy is vulnerable. When the eurozone crisis was at its peak, we saw the economies in countries like China and Switzerland lag. This scenario can very well play out again, and it can become an obstacle for U.S. growth. American companies with operations in the eurozone will face scrutiny ahead. As stock market indices here in the U.S. continue their ascent to new highs (in spite of economic fundamentals that do not support the advance), severe economic problems in the eurozone are only one example of the market’s “closed eye” to what’s really going on. Investor, beware!
    France to Create More Troubles for the Eurozone?

    I always laugh when a guy write a paper about the French economy 5000 miles away. Investor, beware! lol, yes they should careful not only in Euro-zone, but everywhere, because when the central banks print funny money from thin air, bubbles grow fast and burst.

    Anyway, the problem in France is economic incompetency, simple as that. You cannot expect grow from one hand and hammer continuously with taxes from the other hand, it is just basic economic. Also, there are huge unfair trades, legislation made by the European Commission (unelected people). What the French administration is doing will probably have deep consequences in the very near future for the people, the country, and the euro-zone.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  5. #5
    Here comes the same problem for New York. The goofball that just got elected as mayor is a progressive socialist, much like our president. The new mayor is about to undo all the good things that have reduced crime dramatically in New York City starting with Rudy Giuliani.

    I listened Bill de Blazio give a speech about social inequities and that was enough to convince me that he is a hopeless ideologue that will chase upper income citizens out of the state.

    BEDFOR De Blasio isn't going to destroy NYC (for a while) | The Daily Caller
    Last edited by TopDogger; 3 January, 2014 at 21:49 PM.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  6. #6
    You know, when the French firefighters put fire on barricades and gets in fight with the French Police, they are at the edge of a national social unrest.

    http://api.dmcloud.net/player/pubpag...de=transparent
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  7. #7
    The Fall of France

    It’s a stretch, but what is happening today in France is being compared to the revocation of 1685. In that year, Louis XIV, the Sun King who built the Palace of Versailles, revoked the Edict of Nantes, which had protected French Protestants – the Huguenots. Trying to unite his kingdom by a common religion, the king closed churches and persecuted the Huguenots. As a result, nearly 700,000 of them fled France, seeking asylum in England, Sweden, Switzerland, South Africa and other countries.
    The Huguenots, nearly a million strong before 1685, were thought of as the worker bees of France. They left without money, but took with them their many and various skills. They left France with a noticeable brain drain.
    Since the arrival of Socialist President François Hollande in 2012, income tax and social security contributions in France have skyrocketed. The top tax rate is 75 percent, and a great many pay in excess of 70 percent.
    As a result, there has been a frantic bolt for the border by the very people who create economic growth – business leaders, innovators, creative thinkers, and top executives. They are all leaving France to develop their talents elsewhere.
    And it’s a tragedy for such a historically rich country. As they say, the problem with the French is they have no word for entrepreneur. Where is the Richard Branson of France? Where is the Bill Gates?
    “Do you see that man in the corner? I’m going to kill him. He’s ruined my life!”
    This angry outburst came from a lawyer friend who is leaving France to move to Britain to escape the 70 percent tax he pays. He says he is working like a dog for nothing – to hand out money to the profligate state. The man he was pointing to, in a swanky Japanese restaurant in the Sixth Arrondissement, is Pierre Moscovici, the much-loathed minister of finance. Moscovici was looking very happy with himself. Does he realize Rome is burning?
    Granted, there is much to be grateful for in France. An economy that boasts successful infrastructure such as its high-speed rail service, the TGV, and Airbus, as well as international businesses like the luxury goods conglomerate LMVH, all of which define French excellence. It has the best agricultural industry in Europe. Its tourism industry is one of the best in the world.
    But the past two years have seen a steady, noticeable decline in France. There is a grayness that the heavy hand of socialism casts. It is increasingly difficult to start a small business when you cannot fire useless employees and hire fresh new talent. Like the Huguenots, young graduates see no future and plan their escape to London.
    The official unemployment figure is more than 3 million; unofficially it’s more like 5 million. The cost of everyday living is astronomical. Paris now beats London as one of the world’s most expensive cities. A half liter of milk in Paris, for instance, costs nearly $4 – the price of a gallon in an American store.
    The Fall of France

    The EUSSR (European Union Fascist), a deja vu engineered destruction of Europe...
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  8. #8
    "Le Peuple reprendra ses droits tot ou tard" translate into: "The People will get back their land rights sooner or later."


    A Little French revolutionary song inspired by Benjamin Franklin delegate very appreciated by the French people at this time The anecdote is that when the French asked to Benjamin Franklin some news from the independence war, Benjamin Franklin answered in French: "ça ira, ça ira"

    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  9. #9
    Critic of France's Hollande Says It with Dung

    A truck dumped a huge pile of manure outside France's National Assembly on Thursday in a protest against the French political elite.

    The driver of the truck -- which was marked with the slogan "Out with Hollande and the whole political class!" -- was apprehended by police shortly after releasing his smelly load outside the front gates of the grand Palais Bourbon that hosts the lower house Assembly.

    He was taken to a nearby police station and expected to face charges.

    It was unclear what was behind the protest, but it comes as President Francois Hollande faces a scandal over revelations he had affair with an actress 18 years his junior
    Critic of France's Hollande Says It with Dung

    It doesn't smell good over there

    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  10. #10
    If I dumped a truckload of dung in front of the White House, they would haul me away and charge me with a terrorist attack on the president. Then they would send me a bill for the $1.2 million it cost for federal union workers to clean up the mess and the EPA environmental impact study that followed.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


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