This is probably the most scary chart you will see today, let me translate it for you. Only one third of the French have a job in the private sector. How are they supposed to feed the remaining two thirds with their taxes? It starts to feel like a failed state.
#NicolasQuiPaie
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While other European countries have been able to do their homework and regain investors trust, France is heading in another direction. It’s economic model based on big state, lavish pensions and mighty unions has reached its natural end. Who will tell the French?
Voici la fiche de paie typique de Nicolas.
Un superbrut à 6962 euros. Un net à payer de 2833 euros.
60% d'imposition avant même la TVA, la TIPP, la taxe foncière...
Imposition réelle autour des 70%.
L'enfer fiscal en une image
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France has always missed its fiscal deficit forecasts
France has the highest tax burden in Europe, so cannot increase taxes without throttling growth. Spend is mostly pensions & local governments
With political paralysis there won’t be any structural reforms. France is toasted.
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