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Michael D. Purzycki's avatar

I would have more sympathy for the fiscal case for Macron's reforms if he hadn't already cut taxes - including scrapping France's wealth tax - and if he weren't trying to cut taxes on corporations. I also worry that both the reforms and the manner in which they were passed will empower both the far left and the far right. It would not surprise me if the second-round choice in the 2027 presidential election were between Le Pen and Mélenchon.

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Frank Lee's avatar

The French demand early retirement, cradle to grave government support, good wine, good bread, a nice enough house with some land.

Sounds good. How to pay for it has always been the problem.

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