Multiple parties are jockeying for position in the aftermath of France's seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.

Multiple parties are jockeying for position in the aftermath of France’s seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.

France’s left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.

The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France’s lower house of parliament.

President Emmanuel Macron’s Together bloc came in second and Marine Le Pen’s far-right National Rally (RN) party finished third.

France’s parties are now jockeying for position and it’s unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.

  • Smk@lemmy.caEnglish
    712·
    4 months ago

    The sad thing about high taxes like that is that it can penalize normal people with a normal, high income job. 400k won’t probably matter but in my experience, I have a high salary and I don’t have the time or even the money to hire a bunch of people to optimize my taxes in a tax free-heaven paradise.

    Normal working people shouldn’t be taxed like crazy. Corporation is the thing we want to target. Large corporations. They have the mean to evade the laws.

    The common man and women does not. Even if you have a small company, you do not have the time or the money to ignore the laws or taxes.

    Capitalism isn’t made for big corporations. It is made for small company competing with each other. How the fuck the common Man is supposed to compete with Walmart? Like, what??

    • shuzuko@midwest.socialEnglish
      156·
      4 months ago

      Oh look, someone who doesn’t understand how progressive tax brackets work.

      The 90% only kicks in on any money made over €400k, bro. That means they’re already making that 400k (less whatever the prior tax brackets are), and if they make €400,100 then only that extra €100 is taxed at 90%. This is so far from hurting “normal working people” that I can hardly believe your take isn’t a deliberate troll.

      • Smk@lemmy.caEnglish
        11·
        4 months ago

        I know how tax brackets work. That’s exactly how you can optimize your taxes. You try to lower your income as much as possible with all the shenanigans that exists in the law. That’s what I’m saying.

        If I do 410k and I don’t have time to optimize my shit, I’m penalized because very rich bro that owns company and shit can hire other bros to optimize their taxes.

    • 2484345508@lemy.lolEnglish
      21·
      4 months ago

      I think “rich” nowadays starts at $1m usd/y. No one really needs more than that. I think 90% is a bit steep, but that leaves a lot of wiggle room for negotiation.

        • 2484345508@lemy.lolEnglish
          21·
          4 months ago

          €920,000 is just fine.

          I assume each country would find that sweet spot for themselves. Either way that’s a crap ton of money. After that, taxes should be high.