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.
You make it sound like a cliff, but you lose £1 of the £12.5k allowance for every £2 over £100k you earn. You don’t suddenly lose the whole allowance at £100,001.
That’s interesting - I had read it being described as a cliff in various places online where people were discussing personal finances. Double checked now and you are right that it is less of a cliff than I’d thought. Good to know in case I ever get close to that tax bracket!
Oh yeah, those personal finance places all want to talk about the laffer curve, right up until you remind people how high the X value would be. Then, as if by magic, they dont want to talk about them anymore.
To me, those places always seems full of AstroTurfing for the idea of lowering taxes for rich people. There might be some good stuff in there but I would take them main political thrusts made with about as much salt as you can find.
Never ask a man his salary, a woman her age or a neoclassical economist what economic problems tax breaks for the rich won’t fix.
To much money to spend on health care?
Tax breaks for the rich.
To little money to spend on healthcare?
Tax cuts for the rich.
Just the right amount of money to spend on healthcare?
Just the right time to cut taxes for the rich.
I think you do lose child care benefits or something at that point (I can’t remember, I don’t have kids)