France

[Bernard]

No sooner had I posted above, then I see a new video today from Richard Murphy ...

Link to video

[jon-nyc]

I think the tax for high earners is already close to 60%. That may well be on the other side of the laffer curve. More than half don’t pay income tax at all.

They famously tried a wealth tax and rolled it back because the wealthy were leaving.

Those protesters/looters/nihilists are in for a surprise.

[jon-nyc]

It matters that they don’t have their own currency because they can’t print money to pay their debt any more than you or I can. Hence the eventual need for a bailout.

[Axtremus]

Maybe the AI productivity boom will bail them out. With AI and robots doing most of the work (powered by nuclear power plants), maybe they can lower retirement age and increase social spending (and reduce greenhouse gases at the same time).

[Daniel]

The EU is terrible imo.

Its currency system is a control mechanism, and has impoverished many of its countries.

[Daniel]

It's worth mentioning the unrest isn't only in France.

[Daniel]

Vive la France! ️

[jon-nyc]

Barcelona hit with violence last night. I didn’t see it, but heard about it from my cab driver this morning. (On my way home from Barcelona now)

[Jodi]

Safe travels.

[Daniel]

It's many countries.

And yes. Be safe.