-MachineGhost from here, and in reference to this...
This is why Mr Hollande will start by cutting the retirement age for some workers to 60, putting the top marginal income-tax rate up to 75%, raising taxes on wealth, inheritance and dividends, increasing the minimum wage and making it much harder for employers to fire workers. Far from curbing the size of the public sector, at 56% of GDP the biggest in the euro zone, he seems likely to expand it. With these policies he is acting against the grain of change in the rest of the EU. This will do nothing to improve France’s competitiveness which, as its gaping trade deficit shows, has declined fast. Nor will it make the business climate any friendlier (see Schumpeter).
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