75% income tax???
No wonder the French don’t want to work more than 35 hours a week. It’s a wonder they’re willing to work at all, given that sort of robbery.
to be fair, it is 75% tax for those households that earn more than 1 million euros a year, not for most salaried people. That being said, a 75% tax on the rich is stupid — the rich folks have means to escape this that the middle class can’t — the rich in France can leave, or play around with the way their money is marked as earned. Either way, it means LESS coming in terms of taxes. And the hidden costs will be huge — less investment in France, less money in state coffers.
There are many unemployed, car-burning youths and 10+ family households from just across the Mediterranean you must feed, clothe, house, educate and provide healtcare to.
Socialism is only fair to those who take, this is what Liberals never understand until it’s too late.
Some European countries don’t allow overtime; originally it was to prevent companies from forcing employees to work overtime, and it morphed into a means to (unsuccessfully) address their chronic unemployment.