Dear Europe, Follow Ireland, Not France
Great article on the tax regimes in Europe:
https://app.hedgeye.com/insights/68977-dear-macron-follow-ireland-not-france?type=guest-contributors
"A confiscatory tax system and a hypertrophied public sector have only created debt and stagnation in the Eurozone countries that have implemented them. France is a key example.
The last time France had a balanced budget was in 1980, and since 1974 it has never generated a surplus. Public debt reached 97% of GDP and the economy has been stagnating for two decades. Unemployment stands at 9.2% (with 20.4% youth unemployment ) and in 2017 it still had a current account deficit of 6.5 billion euros while the Eurozone has a surplus. In a country where public spending exceeds 57% of GDP, where public administration spending has grown by more than 13% since 2008 and 22% of the active population works for the State, local governments and public entities, talking of austerity is a bad joke."
✅ @zuerich, I gave you an upvote on your post!
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