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France doesn't tax the rich high enough is the basic problem. Macron also passed big tax cuts for the wealthy that did not stimulate the economy as well. So t
by sjg007 8y ago
France doesn't tax the rich high enough is the basic problem. Macron also passed big tax cuts for the wealthy that did not stimulate the economy as well. So the working class are feeling the taxes as well as not having enough economic opportunity. Nationalism is also big in Europe as it always has been. People see refugees getting resettlement benefits and that upsets them. It doesn't help that ISIL want to shoot and blow people up as well.
https://www.nytimes.com/2018/12/04/world/europe/france-economy-protests.html https://www.nytimes.com/2018/12/04/world/europe/france-econo...
- umvi 8y ago> France doesn't tax the rich high enough is the basic problem Not even 10 years ago, I read that France introduced aggressive taxation on the rich ("75% supertax"), with disastrous consequences, so they got rid of it.