Multiple parties are jockeying for position in the aftermath of France’s seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.

France’s left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.

The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France’s lower house of parliament.

President Emmanuel Macron’s Together bloc came in second and Marine Le Pen’s far-right National Rally (RN) party finished third.

France’s parties are now jockeying for position and it’s unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.

44 points

This is a bit of a misleading summary.

Melenchon speaks for his own party, France Unbowed (LFI), not the entire NFP alliance.

The NFP as a whole has not declared support for Melenchon’s position, although his party controls 71 (~41%) of NFP’s 180 seats in the National Assembly.

Macron has already indicated that he will not allow Melenchon to become Prime Minister, and the entire NFP will be aware that they must select a more moderate leader to represent them if they expect to gain enough support from the centre to operate as a minority government.

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9 points

Macron has already indicated that he will not allow Melenchon to become Prime Minister

Good news for LePen, I guess.

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8 points

Thx stranger, so hard to get news from a single source if you’re not a specialist on the topic

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8 points

It’s not just Macron or Ensemble, even within the NFP some parties don’t want Melenchon from what I understand. At least the PS (Parti Socialiste, but they’re actually just social democrats) which has 59 seats and therefore the second most seats in the NFP doesn’t want him to be prime minister.

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5 points

Based

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212 points

a new 90% tax on any annual income above €400,000

Lmao. Probably not gonna happen but based af

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1 point

Even if they do implement such tax, I wonder how many ways there are for rich people to avoid paying those taxes. They tend to be very good at skirting around such things. They even pay people who are professionals in the field of tax-around-skirting.

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121 points

I think it’s a great target to aim for. That’s an unfathomable income to most people, so it should at least have popular support

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39 points

It will not. People will vehemently defend the rich.

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40 points

Some will, but there’s an ever growing movement against gross wealth inequality. When simply buying groceries becomes a struggle for more and more people, that’s usually a telltale sign that the working class is going to start getting angry at the insatiable greed of those at the top.

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4 points

The most likely thing that will happen is the rich renouncing citizenship and leaving the country.

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-4 points
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33 points

Taxes don’t work like that. It’s only the portion above a level that’s taxed at that level.

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33 points

Tax brackets don’t lower income from the bracket before them. If you had 123net/177gross, and got a raise to 200 gross, you would only pay 45% on that 23k difference between 177 and 300. Thus going to 137net/200 gross.

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15 points

Progressive taxation so nothing lowers your net income. That scale seems quite sensible really, and you’d even have more than the 100k because again progressive taxation. And honestly 100k net is already an obscene amount of money for a single person.

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41 points

Worked fine in America during it’s “great” days that all these Trump voters seem to yearn for

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28 points

Funny how they want to ‘mAkE aMeRiCa GrEaT aGaIn’ but don’t want any of the policies that made America great, just the shitty racist ones that made life awful for non-white males. I’m just waiting for them to further limit it by land holding or wealth at some point… Really take us back to when we were ‘really great’

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4 points

That was only on earned income and with a starting point so high that at some point only one person ever reached it.

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1 point

That was before the explosion of jet travel. Now the rich fly around in their private jets to operate their businesses all over the world. They take advantage of the fact that governments can’t coordinate their taxes very well.

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34 points

Love it. Wealthy in France is 200k, anyone who makes over 400k is uberwealthy

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8 points
*

400k is a monthly salary of 33000€ You can live very comfortably from a tenth of that where i live in germany, which is a notoriously expensive city. So yeah even if you just barely go over the limit and have to live with a tenth of those 400k, you would still be completely fine.

This is all ignoring already saved up wealth ofcourse.

TLDR im dumb

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47 points

It doesn’t even work like that: only the “extra” revenue above 400k would be subject to the 90% tax, everything below that would still be subject to standard tax rates

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24 points

even if you just barely go over the limit and have to live with a tenth of those 400k

Progressive taxation doesn’t work like that, the 90% tax bracket in this case would only apply to the income someone earned over €400K. Everything they earn under that amount is taxed at much lower rates, the same rates as people who have lower income

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7 points

TLDR im dumb

You are a saint in my eyes.

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7 points

Yea 400k won’t happen, I could see something in the low millions being palatable to populace at large

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-5 points

Seriously, that’s how much a doctor makes while carrying $300k in student loans. Yes, these are US numbers, and I’m sure France has both lower salaries and much lower or no student loans. But the point stands that $400k is a really high salary but not necessarily wildly wealthy if you are paying more in student loans than you do for your house.

What this will accomplish is force newly rich people to stay in their class while the wealthy class people get no change at all since they don’t have a high salary. The wealthy stay wealthy while the poor have no chance to become wealthy, only merely rich.

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4 points

Student loans are tax deductible (in the US at least). So if a large portion of your salary is paying off loans you don’t get taxed on that portion at all.

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8 points

The NFP proposal would make the top 10% French pay more tax and the rest 90% would pay same or less tax. They want to introduce more tax “slices” to make it adjust more progressively with higher income.

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5 points

Still good though, imo the win is that a big chunk of representatives are saying this is what the country wants.

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1 point

I hope it gets done so they can fund social programs. But the rich will flee to Germany

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1 point
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0 points
*

Maybe I’m just not used to the income needed in major cities in France, but that seems like pretty high tax rate for the income in major cities like Lyons or Paris. Can someone give me a little context? Does France do graduated brackets like the US? If that’s the case then I could see this being pretty fair.

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2 points

It’s still just a fraction of the top 1%. Even $400,000 in the US would put you in the top 1%, nobody needs more than this amount of money, ever.

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9 points

They do. Someone with a salary of €400,000 would take home approximately €242,000 after income tax.

Up to €10,777: 0% tax rate
From €10,778 to €27,478: 11% tax rate
From €27,479 to €78,570: 30% tax rate
From €78,571 to €168,994: 41% tax rate
More than €168,994: 45% tax rate

According to The EIU, the cost of living in Paris is similar to San Francisco.

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2 points

That seems like quite a bit of one’s income, but on the flipside France has a lot more social services and such than we get here in the US, so I guess I have to consider that side of it.

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5 points
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Does France do graduated brackets like the US?

Is there any place that does taxes without brackets, just flat “pass this number and suddenly lose half of everything”? Does that even exist outside the imagination of Americans who have never understood or looked at taxes? Brackets should be the definition of income taxes, is it not? It’s not an economic tariff applied regardless the volume of merchandise passing a frontier.

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2 points
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Jesus dude calm down I am just asking what the basic structure of the French tax system looks like. I don’t live in France, there is not a whole lot of reason for me to know.

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26 points

To be clear the 90% tax is an income tax, which is actually not unprecedented as other commenters note. Melenchon has talked about 100% but I guess the other parties negotiated him down.

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13 points

Actually, 90% income tax for the top incomes was common in western countries in the 50s.

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4 points
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Just 90% has the pro that you’ll actually collect revenue. Nobody’s paying out money that doesn’t reach the intended party even a bit. However, I feel like 100% would be worth it just for the paradigm shift in the way we think about society - that maybe there should be limits to how “special” you can get, and that that’s not spooky communism but simply realism about our mortal condition.

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4 points
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On paper, yes, in practice, no.

In the US, at the time that marginal tax rates got that high, the amount of things you could deduct was also MUCH higher. Truth is, nobody ever actually paid 90% back then.

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2 points
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1 point

That sounds like the era. KISS was not a principle appreciated by economic legislators until the later 20th century. Mercantilism died slow.

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80 points

“Radical set of ideas”

Rational set of ideas.

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22 points

Radical means change or far from the norm, so when the system we live in is crazy then radical often is rational. The terms are not opposed.

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7 points

“Rational”

“Petrol price controls”

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5 points

There is a slight argument to be made in order to stabilize transportation because people depend on the shipping of goods. However, there should be a differentiation between the shipment of necessities and luxuries. Ultimately this could come in the form of a higher tax on consumer goods and other for hire services.

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1 point

I don’t think that’s what they’re getting at.

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1 point

Or price controls at all.

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1 point

We need to fix the price of croissants, vote for count Binface!

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