Posted on 12/10/2018 8:35:18 PM PST by aquila48
French President Emmanuel Macron announced on Monday a €100 per month increase in the minimum wage from next year in a major concession to Yellow Vest protesters who have roiled the country.
In his first national address following two weekends of the worst unrest in France in years, Macron sought to restore calm after accusations that his political methods and economic policies were fracturing the country.
"We want a France where one can live in dignity through one's work and on this we have gone too slowly," Macron said on primetime television. "I ask the government and parliament to do what is necessary."
The president's address came 48 hours after protesters fought street battles with riot police in Paris, hurling missiles, torching cars and looting shops.
Macron faces a delicate task: he needs to persuade the middle class and blue-collar workers that he hears their anger over a squeeze on household spending, without being exposed to charges of caving in to street politics.
'A few important measures, but no U-turn on wealth tax'
He said people on the minimum wage would see their salaries increase by €100 a month from 2019 without extra costs to employers. Pensioners earning less than €2,000 would see the recent increase in social security taxes scrapped. Other measures promised include the abolition of taxes on overtime pay in 2019 and asking profit-making companies to give workers tax-free year-end bonuses
However, he also said he would stick to his reform agenda and refused to reinstate a wealth tax.
"We will respond to the economic and social urgency with strong measures, by cutting taxes more rapidly, by keeping our spending under control, but not with U-turns," Macron said.
(Excerpt) Read more at france24.com ...
We’re somewhere between “let them eat cake” and “off with their heads”
Macron said in his speech that the rich elites have left France
The tax was removed in order to get them to come back
Too late.
Nice of Adolf to raise the wages of businesses in the name of Global Warming so they can pay their taxes.
Sheer genius! Now watch inflation start spiraling out of control as small businesses fold and consumer prices rise. These fools never learn.
OK, but where does the actual money come from? Obama's stash?
So if you make over two thousand euro, you get the raise, but if you make less, the increase goes away? Seems backwards.
I think macron screwed himself. In spring, they will come back with more demands.
Yep - the lefties are NEVER satisfied.
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