Reply With QuoteYou are all free to move your companies to the east!
Socialist will never understand that ideas to strip the "rich" will effectivly hurt the middle income group the most and and will make it harder for poor people to build up a capital stock
Adieu, la France
http://www.economist.com/node/215573...c06c010184c684
Now the new government is going beyond rhetoric. Michel Sapin, the labour minister, has promised to make it so expensive for companies to lay off workers that it will no longer be worth their while. Firms that fire people while still paying dividends may be penalised. Another planned ruse is to force companies to sell factories, presumably along with the brands manufactured there, to competitors rather than close them down.To the French contingent on MP.net. Is this about right? Exaggeration? Is it worse than this?The Socialists are unlikely to be terribly successful at preventing the destruction of jobs, but they may be all too effective, however unintentionally, at stifling job creation. Among the party’s most popular campaign promises was to tax incomes of more than €1m at a marginal rate of 75%. The likely consequences will be much less admired. Some big companies will leave France or move management abroad in order to shield their executives from the tax. That will lead them to invest and hire more overseas rather than at home. Already, top foreign executives no longer want to join French firms. A new extra tax on dividends has further angered the business world.
If the new govt tries to do these things, they'll make it prohibitive to start new business, and stay in business. Not a good idea.
You are all free to move your companies to the east!
Socialist will never understand that ideas to strip the "rich" will effectivly hurt the middle income group the most and and will make it harder for poor people to build up a capital stock
In an inclusive system, you cant create wealth for the poor by stripping away wealth from the rich. This only works in an extractive economic system with locked-in social classes and high cost of entry. The French socialists fundamentally do not understand basic economics.
I don't get why they do this. Won't companies just start up factories in for example China and hire the local workforce? To an even greater extent than they do today, I mean. And this whole "take from the rich, give to the poor" really doesn't work in reality. In Robin Hood, it worked. But that is a fairytale.
If a rich person is being threatened to have his money removed from him, he has the capability to just move abroad. And who is going to pay for the social welfare now? The middle-class?
Please enlighten me if I'm wrong.
First, the socialists are in power for some weeks. Let them realize the situation and in some weeks everything returns to the everyday politics.
I wouldn't rate this comments to high. If the minister continues, Hollande will replace him.
Well if all this is true China doesn't even have to try to sell itself they'll be beating a path to its door.
Gawd, times like this I wish I was a leader of an emerging country. I would roll out the red carpet for the all the EU and American companies to come to my country and show them how high their profits would be. Money talks, bullship walks.
The French need a hard lesson in economics, and now they have insured they will get it. I just hope they do not take down the entire Eurozone, and then the rest of the global economy with them. Of course, that kind of economic Armageddon may have been already inevitable before the French went full retard.
Yes of course, everybody knows the Economic Crisis came from France in the first place. It s the beginning of Hollande's term, we'll see what he'll do, it's a bit too soon to say "Adieu France".Originally Posted by Ought Six
This is a strawman. Nobody said or implied anything remotely like this.
----------With what he is doing, no, it is not too soon.It s the beginning of Hollande's term, we'll see what he'll do, it's a bit too soon to say "Adieu France".
As I recall back in 2000 the French passed a 35 work week (dropping from 39) The idea was that it would force companies to hire unemployed workers and reduce unemployment.
Nope, the point was to aknowledge that unemployment was structural and that the best way to deal with it was to spread the working timetable, instead of stacking it.As I recall back in 2000 the French passed a 35 work week (dropping from 39) The idea was that it would force companies to hire unemployed workers and reduce unemployment.
A similar move was performed by ... Germany although not in such a generalizing fashion.
I guess MP.net has the most economically aware and relevant crowd...NOT.
Nice spin but total BS.
Will he?Nope, that's not what we did. And the reason why we did what we did was pretty much the same as it was for France: campaign goody for the crowds.
So you are telling me that Germany works less hours per year than the French just to please the crowds? Uurgh...
Yet that works the other way...so which is it?
Last edited by KoTeMoRe; 06-28-2012 at 11:57 PM.
Yes. And no.
Yes, trimming down the weekly work hours was a gift to the crowd.
No, for while the negotiated number of hours worked per week is 37.7 the factual number comes to 41.2 hours. The gross discrepancy between negotiated and weekly work time being the reason for the goody, you know...
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