France has something like 400+ different taxes, more than 6x the number of taxes that exists in, say, Germany. France also has, officially, nearly 60% of its GDP that is public spending. And out of what's left, many companies are fake private companies, ran by apparatchiks very close to french politicians.
So France is basically a planned economy. And an insane number: 70% of the young people in France dream of... Working in the public sector. For it's the only way they can envision having a stable job.
France is a country where you plant public servants and taxes do grow.
And now we see the results and they're not nice.
France's public spendings have always been out of control and it's a country that is deeply sick, falling under the weight of all the insane regulations and taxes it created.
The time of the Concorde and Minitel is very far behind.
And for a country that sees red, thinks red and loves red, the delicious irony that the biggest french companies are those exporting luxury goods like Hermes handbags isn't lost on me.
I don't see any future ahead for France besides becoming a country of the 3rd world: and in many french cities there are already entire neighborhood looking just like that.
Education levels are down the drain, culture is down the drain.
Most of the claims made don't really mean anything without additional context, but the 60% figure seems approximately true: <a href="https://tradingeconomics.com/france/government-spending-to-gdp" rel="nofollow">https://tradingeconomics.com/france/government-spending-to-g...
Interesting graphs! Looks like over the last decade it's been mostly flat save for 2020/COVID.
Still: GP mentioning that as a "problem" and a sign of a "planned economy" is kind of an odd fixation. As if that money went into a blackhole or something.
TacticalCoder · · focus · HN ↗
So France is basically a planned economy. And an insane number: 70% of the young people in France dream of... Working in the public sector. For it's the only way they can envision having a stable job.
France is a country where you plant public servants and taxes do grow.
And now we see the results and they're not nice.
France's public spendings have always been out of control and it's a country that is deeply sick, falling under the weight of all the insane regulations and taxes it created.
The time of the Concorde and Minitel is very far behind.
And for a country that sees red, thinks red and loves red, the delicious irony that the biggest french companies are those exporting luxury goods like Hermes handbags isn't lost on me.
I don't see any future ahead for France besides becoming a country of the 3rd world: and in many french cities there are already entire neighborhood looking just like that.
Education levels are down the drain, culture is down the drain.
It seems to be an endless fall.
carlm42 · · focus · HN ↗
gruez · · focus · HN ↗
carlm42 · · focus · HN ↗