r/SipsTea • • 10h ago

Chugging tea Peaceful protests in France today

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u/Agreeable-Letter-599 7h ago

or they could tax the rich.

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u/RevolutionPublic7557 7h ago

You already have one of the highest tax burdens in Europe. If you add a wealth tax on top of that you'll kill whatever growth you already don't have. The wealth tax will not close the gap, and the reduced growth will start increasing the gap again since growth doesn't keep up with inflation.

There is no path out of this without some pain. At least make sure you have a future. Invest in your youth. Don't dump all your money into your elders, that's not a way to build a future.

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u/MeganDryer 7h ago

This is nonsense. Taxes for the rich have been cut in France repeatedly leading to economic contraction, and have remained high for labor. You don't know what you're talking about.

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u/GrumpySalad 6h ago

I second this as a french (and very tired middle class taxe payer)

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u/MeganDryer 6h ago

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u/Wild-Snow5705 6h ago

Is there's kids on this video? Hmm...