"Coup de gueule" against some French MPs

Ever since the defeat of the right-wing in the local elections in France, some MPs of the ruling UMP party feel like they have to "do something" quickly, however stupid this thing might be. Their first demand was to cancel the project of a Carbon Tax. Their argument in a nutshell was that such a tax would only work if it was applied to most countries, that it was not a good time to introduce a new tax during a recession and anyways, taxing was a left-wing thing. I find it a shame that for once we had the opportunity to move from taxing labour (a good thing) to taxing pollution (a bad thing), but I understand that there is disagreement among economists as to what the appropriate carbon tax level should be, so...

A few days later, having succeeded on their first demand, the same MPs demanded to remove the 50% cap on personal tax, arguing that this limit was preventing any new tax and that new taxes were necessary to reduce the budget deficit. What? Just a few days after having cancelled a tax, they are proposing to create new taxes to bridge the government deficit that they contributed to create! Can someone please stop them??? What we need to reduce the budget deficit is to cut spending, not to create et cancel taxes at the same time!

Comments

Popular posts from this blog

French industry's competitiveness

Is the yield curve back to the 1950s-1960s?

Are the Euro Area and the US en route to Japanisation?