|A Massive Tax Increase|
French President Nicolas Sarkozy's answer to a declining economy is more taxes.
More Taxes is always the answer to European Socialists
- Idiot Socialists somehow think you can stimulate an economy by taking money out of a person's wallet and giving it to the government.
#1) French economy sinking with 0.5% growth
The French government on Monday halved its 2012 growth forecast, piling more pressure on Nicolas Sarkozy a day after the president unveiled a raft of measures he hopes will jumpstart the economy.
The downward revision from 1.0 percent to 0.5 percent was made to "take into account the deterioration of the economic situation," Prime Minister Francois Fillon told reporters.
The International Monetary Fund said it predicted that the French economy would grow by 0.2 percent this year and that the eurozone as a whole would fall into a mild recession
#2) France to increase the sales tax to 21.2%
President Nicolas Sarkozy revealed plans to raise the normal level of VAT by 1.6 per cent to 21.2 percent and introduce a 0.1 percent "Robin Hood" financial transaction tax.
Sarkozy's TV appearance comes just two weeks after France lost its treasured Triple A credit rating. Unemployment stands at nearly three million, a 12-year high, and public debt is at record levels
Marine Le Pen, the candidate for the right-wing's National Front Party, labeled Sarkozy’s plans a “double dose of ultra-liberal remedies”.
France will vote on April 22 in the first round of the presidential election. Sarkozy, who is yet to officially announce his candidacy, is lagging behind Socialist Party candidate François Hollande in the polls.
(France 24 News)
|Conservative leader Marine Le Pen called Sarkozy’s plans a “double dose of ultra-liberal remedies”.|