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> All of this while the country is virtually bankrupt. Could you elaborate on this? Their debt in 2022 was 113.7% of GDP, compared to the USA's 764.7%.
by strbean 4y ago
> All of this while the country is virtually bankrupt.
Could you elaborate on this? Their debt in 2022 was 113.7% of GDP, compared to the USA's 764.7%.
- srge 4y agoWhereas the USA can print their own money. Also France is the most taxed country in OCDE (French Wikipedia link sorry: https://fr.m.wikipedia.org/wiki/Prélèvements_obligatoires https://fr.m.wikipedia.org/wiki/Prélèvements_obligatoires)
- skywal_l 4y ago> Also France is the most taxed country in OCDE Mostly because in France pensions are financed through taxes and managed by the state. If you want to compare apple to apples, you would have to include spending on healthcare, education AND pensions here. From your link: Ainsi plus de la moitié recette des prélèvements obligatoires est affecté au financement des retraites et de la sécurité sociale.
- srge 4y agoYes. It further solidifies my point that we should not take more money from the people.
- AnimalMuppet 4y agoBy what measure is the USA's 764%? What are you counting as "debt" in that calculation?