r/SipsTea • u/Anulisdotexe • 6h ago

Chugging tea Peaceful protests in France today

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u/us1549 5h ago edited 2h ago

France is broke and need to cut something like 130b from it's budget annually by 2030.

If they don't, bond yields will skyrocket making their fiscal pain even more pronounced. They need to raise taxes, cut retiree benefits and raise the retirement age.

Either France does it on their own terms or the bond market will do it for them.

Their social benefits have been much too rich for too long for an economy that isn't growing. It sucks for young people but the math is the math.

France needs a president that will explain that to the French people as most are not experts in bond yields and budget deficits relative to GDP. The last few presidents have tried and the people have responded by rioting.

Great explanation of France's fiscal crisis

https://youtu.be/Uje_KSCzJJc?si=rUPmEbJjsPG-TMXu

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u/Cute_Disaster_6867 4h ago

Boomers refuse to accept any changes to the pension system, while the left keeps demanding higher taxes and more social spending. At this rate, we're screwed.

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u/Cantripping_ 3h ago

Higher taxes for the rich.

The poor die if you tax them too much. The rich don't. It's a very easy equation.

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u/Cute_Disaster_6867 3h ago

Except that France is already one of the most heavily taxed countries in the world. We’re already well above the average for developed countries.

The problem isn’t “not enough taxes on the rich.”
The problem is that the money is massively wasted, that there’s waste and corruption at every level, and that we have a pension system that’s a ticking time bomb.

Raising taxes even more solves nothing when the state spends 57% of GDP and the results (schools, hospitals, security, infrastructure) are stagnating or getting worse.
It’s not a revenue problem. It’s a management and structural problem.

But hey, keeping on believing that “more taxes = more justice” when we’re already at the ceiling is intellectually comfortable.

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u/youdig_surf 2h ago

Exactly and I didn’t hear any candidate for presidential election speak about that. It’s either remove every social progress or tax more they barely speaking about ai and job destruction or universal income.

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u/Noxianguillotine 58m ago

on est peut etre l'un des pays Les plus taxés, sauf que c'est Les pauvres qui en patient le plus. Il y a de l'argent, le probleme c'est qu'il ne change jamais de poches.

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u/Personal-Ad7148 3h ago

Retarded

France is already one of the most if not most anti rich countries w the taxws

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u/stprnn 1h ago

Not enough.

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u/Personal-Ad7148 1h ago

If that worked it woulda worked already vs countries who don't do it as much

Then u compare to Switzerland and u see

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u/stprnn 1h ago

It "didn't work" because it's not enough. Which is also silly because France is a better country for it. Taxing rich people a little more isn't going to solve every problem

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u/kaochaton 1h ago

Maybe until they removed tax on high fortune. And kep butching public service for the private one

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u/LearingCenterAlumni 41m ago

Tax them 100% of their income and it still wouldn't make a difference. The size of the French state is simply too big, too many people collecting government welfare.

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u/IntelligentLeading11 3h ago

If you remove all incentive for the rich to pursue wealth accumulation they will simply leave or stop producing as much wealth. Both scenarios are counter productive to those who expect taxing the rich to solve a failing economy. 

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u/InterestingCat8975 3h ago

The incentive is access to leech of the country economy, very often taking from public funds and forcing politicians to pass legistalion in their favour. If they want to go which surprise surprise they won't they can get the fuck out, they will be easily replaced.

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u/IntelligentLeading11 3h ago

If the leeching is not worth the squeeze they will do something else somewhere else. 

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u/stprnn 1h ago

Byeee

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u/IntelligentLeading11 1h ago

Don't hate me for it. I'm not saying it's how it should be, I'm saying how it is. 

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u/stprnn 1h ago

I'm not hating you, I'm saying we don't need them. Let them go leech somewhere else

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u/IntelligentLeading11 1h ago

Well unfortunately in this system you do need them because even though for you they don't pay enough taxes, they do still pay a lot of taxes and employ a lot of people. If you removed the wealthy from night to morning the system would falter. You'd have to move to a different system first in order to be able to not depend on them. 

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u/stprnn 1h ago

Those people will still work after they leave. They are making the money not the dude accumulating wealth.

We don't need them

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u/IntelligentLeading11 1h ago

Do you know the history of Detroit? 

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u/InterestingCat8975 1h ago

They mostly evade taxes, money launder, have as much as they can in tax havens...even Robert Kiyosaki gleefully explains this, epic music and slow panning included, in a YT video pretty much wanting to say in the end GREAT MEN find their way or something on that line.

This is not counting taking out from public resources for their shitty profit motivated private scams quite often.

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u/IntelligentLeading11 1h ago

That can all be true while my point still stands. That's because the system we exist in has been viciously made dependant on those vultures. We exist in a completely corrupt system and the idea that taxing the wealthy to give money to the non wealthy would solve such abomination is an infantile wishful thinking.

There are two options to actually solve anything, you either must create alternative societies that reject the system and those who rule it, or you must destroy the system completely and built something better out of its ashes. Both are more difficult than idealists and utopians would like to believe. 

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u/Neomob 3h ago

What do you think happens when you seize all the money of the mega rich via heavy taxation, after a few years either they're gone to other countries, or they are just not as rich, the entire left party budget resides on a finite resource that will disappear in a few years only widening France's debt...

Not saying we should tax mega corps and the super rich, but this won't prevent what's coming in 2027.

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u/youdig_surf 2h ago

We don’t give a damn if they gone they already don’t pay taxes in France anyway.

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u/Ninvic1984 3h ago

As said, already, France is overly taxed already. They have very limited room for this.

I would almost argue that cutting taxes would restore confidence in people about the cost of living if it went with government cuts and this could help economy grow.