- It’s tax system is a nightmare, leading entrepreneurs to escape to other nations (hardly a surprise when tax rates can exceed 100 percent and politicians equate taxes with patriotism!). In some cases, tax rates are so punitive that revenues fall rather than rise.
- The French bureaucratic elite is pampered with costly perks and lavish compensation and the nation’s cossetted political class is famously self serving.
- And the regulatory system is a disaster, which not only hinders economic growth but also contributes to an erosion of social capital as people exploit the system and adopt an entitlement mentality.
- One reason for the bad tax system is that the French government consumes a huge share of economic…
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