I like France, in part because it’s a nice place to visit, but also because I’ve been able to use the country as an example of bad public policy.
- 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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Utopia, you are standing in it! 
Sep 05, 2017 @ 11:22:50
As the OECD evidence shows if you introduce labour market reforms when the economy is not so good you will get higher unemployment. If you introduce them when the economy is going well you get more employment so when you introduce is vitally important.
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