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mitxela • today at 8:14 PM • 4 replies • view on HN

Couldn't they just admit the problem with capitalism is that you run out of other people's money, and then stop giving all the tax money to billionaires, and then there'd be enough money left for everyone else?

The french government is who decided the french government has to pay all that money, they can just decide differently.


Replies

s1artibartfast • today at 9:07 PM

The proble. Is they dont do that. It is mostly going to retired pensioners. Now you have a conflict between the voting elderly masses and the workers paying taxes.

The billionaires are irrelevant. You could take every penny they have and it wouldn't make a difference

spwa4 • today at 8:53 PM

If you're suggesting what I think you're suggesting (just stealing the public debt) the problem with that is

1) paying money to billionnaires cost 67B euros, let's say 10% more this year, to 73B (interest on debt so France can keep lending 170B more every year)

2) not paying money to billionnaires costs 170B euros (france needs 170B euros in new debt every year to balance the books)

Oh and of course when it does become worth doing, stealing the public debt, there is still the little matter of needing to get French people to do 250B worth of extra labor without paying them 1 cent extra (if they kick the can down the road, which they will, it should settle on about that amount per year). Essentially French people will have to work 1/6th harder one way or the other. But by paying billionnaires they can wait with that another 4 years.

Or, you know, they could work 1/30th extra now. 11 days per year. But that means not kicking the can down the road.

Similar figures for all EU countries (except Germany, for the moment at least), but they get to watch France solve it first because they're not the worst offender.

thaumasiotes • today at 8:28 PM

> Couldn't they just admit the problem with capitalism is that you run out of other people's money

What do you mean when you say "capitalism"?

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brandur • today at 8:25 PM

Quite terrifying that this appears to be a sincere comment. The top marginal tax rate on French nationals including CEHR is over 55%. The country spends ~60% of its GDP, almost 10% higher than the European average, let alone the average worldwide.

Could you elaborate how France is "giving all the money to billionaires"?

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