French Riots Really Aren’t About Global Warming — They’re About Tax Heavy Socialism

Dec 13, 2018 by

Socialism: After weeks of spreading riots and demonstrations in Paris, socialist French President Emmanuel Macron has had an epiphany or sorts. Not only is he not going to put a new global warming tax on fuel, he’s going to let financially-strapped French families keep more of their money from the taxman. At least this year.

Noisy demonstrations all but closed Paris last weekend as thousands again took to the streets to protest Macron’s foolish tax on fuel. He thought he could ram it through, despite growing ground-level opposition. He was wrong.

Even after calling out the military, he couldn’t quell the revolt. So on Monday night, in a national address, he essentially capitulated. Oh sure, he talked tough, pledging “no mercy” towards the Gilets Jaunes, the “yellow vest” protesters in the streets.

But his tone and the substance of his speech were anything but tough. Among other things, Macron “asked his government to increase wages by 100 euros per month beginning in January as part of a series of new measures to be released in detail on Tuesday,” according to a piece on the financial web site Zerohedge.

“He also announced that overtime hours won’t be subject to payroll tax, and that his administration will scrap a tax hike on poor and low-income retirees,” the piece continued. “Furthermore, Macron asked companies to pay end-of-year bonuses which won’t be taxed, and will suspend a CSG levy on pensions below 2,000 euros per month.”

continue: French Riots Really Aren’t About Global Warming — They’re About Tax Heavy Socialism | Investor’s Business Daily

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