As Smash-and-Grab Capitalism Collapses, the French Economy Shines

[Debaser82]

Quote from clacy:

Yes and they've averaged 9.5% unemployment during the 2000's..........

Their per capita income was 27% lower than the US in 2008 as well....

Why need more money when for instance going to the doctor is as good as free.

 

[AMT4SWA]

Quote from screenstruck:

Easy to forget how they helped our independence.
Historical perspective helps.

http://people.csail.mit.edu/sfelshin/saintonge/frhist.html

Lighten up Francis! :eek:

 

[makloda]

Doesn't France have a 50% marginal tax rate and a wealth tax? Sounds like a proletarian paradise, but like hell for the rich.

 

[Debaser82]

Quote from makloda:

Doesn't France have a 50% marginal tax rate and a wealth tax? Sounds like a proletarian paradise, but like hell for the rich.

Well, as said in the article The French state has barely had to support it's (globaly active )financial system so far and if they did a big chunck was used to expand not to keep it afloat.

How high has the tab racked up as we speak concerning the US Financial system?

A couple of hundred billion on Fannie and Freddie and AIG alone?

Could we conclude that some kind of proletarianism of the people is accepted in France and the same goes for proletarianism of businesses in the US?

Also the French people sit on as much as 3000 to 5000 tonnes of gold themselves it is estimated which can't be taxed and don't forget: avoiding taxes is the public sport nr 1 troughouth Europe basically so you might want to take that into consideration as well.

 

[Cutten]

Quote from clacy:

Yes and they've averaged 9.5% unemployment during the 2000's..........

Their per capita income was 27% lower than the US in 2008 as well....

Exactly. Someone who had their savings in t-bills for the last 30 years hasn't lost any money either, does that mean their approach is better?

France, Germany, and Japan had none of the upside over the last 20 years, but are still getting a fair chunk of the downside. Sounds like a bum deal to me.

 

[ASusilovic]

Guys, we have to be objetive in this discussion. The French are pretty comfortable with their tax rate as long as they can count on their absolue export hit :

Vive la France, vive les femmes !

 

[makloda]

"Question: Is it true that French women tend not to shave their legs and armpits? " -- http://www.answerbag.com/q_view/30783

 

[Debaser82]

Quote from Cutten:

Exactly. Someone who had their savings in t-bills for the last 30 years hasn't lost any money either, does that mean their approach is better?

France, Germany, and Japan had none of the upside over the last 20 years, but are still getting a fair chunk of the downside. Sounds like a bum deal to me.

Couldn't a euro dollar exchange rate of 0.82 in '98 to 1.60 in '08 count as some upside?

 

[dont]

Quote from ASusilovic:


Vive la France, vive les femmes !

Spot on French women are far and away the best.

 

[college_trad3r]

In reality, the US has more taxes on an individual than France or other rich European countries. Reason is the huge armies of USA which European have not. They don't need too have an army, the USA will help them! Having an army do you know how much that costs. I believe the tax rate in the US is 54% while in france only 50%