France's triumphant left-wing coalition unveils its radical plans for government including a 90 per

[mystery-ak]

France's triumphant left-wing coalition unveils its radical plans for government including a 90 per cent tax rate on the rich, lowering the retirement age and huge spending

By Frankie Elliott For Mailonline

Published: 21:08 EDT, 8 July 2024 | Updated: 01:15 EDT, 9 July 2024


 France's radical left-wing coalition has vowed to bring in a 90 per cent tax rate on the rich following their shock election triumph on Sunday.

In a result that caught political commentators by surprise, the New Popular Front (NPF) emerged as the biggest party in the second round of the elections which ended in a  deadlock, gaining 182 seats ahead of President Emmanuel Macron's centrist Ensemble party, on 168.

Marine Le Pen's populist right National Rally (RN), which won the first round of elections on June 30, performed poorly in the second round and only obtained 143 seats.

The NPF appears to be heading for a power struggle with President Macron - as he wants to be free to pick the next Prime Minister himself - against the backdrop of tensions and uncertainty in a country with a long history of political violence.

The NPF - a coalition put together just before the elections which include the socialists, the ecologists, the communists and the radical France Unbowed party - have not designated a candidate for French Prime Minister and the group's leaders met on Monday to try and agree upon who would be put forward for the job.

Manuel Bompard, coordinator of France Unbowed, said: 'We are preparing to govern, to apply the programme which is ours.'

The programme includes a 90 per cent tax rate on any annual income above €400,000, a reduction in the retirement age from 64 to 60, a block on the price of essential goods, a 14 per cent increase in minimum wage and spending commitments of at least €150 billion over three years.

more
https://www.dailymail.co.uk/news/article-13614051/Frances-radical-left-wing-coalition-tax-rate-rich-election-triumph.html

[LMAO]

From the article….

The programme includes a 90 per cent tax rate on any annual income above €400,000, a reduction in the retirement age from 64 to 60, a block on the price of essential goods, a 14 per cent increase in minimum wage and spending commitments of at least €150 billion over three years.

The “ Venezuela-izing” of France

It doesn’t take an economist to figure out where this is going to lead

[DefiantMassRINO]

... ah, the socialist dreams of spending other people's money ... until that money runs out.

After implementing that 90 per cent tax rate on any annual income above €400,000, there will be fewer people with an annual income above €400,000.

[Smokin Joe]

Will we receive French refugees who take their remaining 40K (of 400,000) and flee?

These are people who shake and move enough to make that kind of money reduced to 1/10?

Galt's Gulch is going to get crowded...

[Free Vulcan]

And again in Europe the dogs return to their vomit.

[mountaineer]

Nothing to see here: A new French far-left MP and one of the leaders of the Antifa extremist group Jeune Garde ("Young Guard"), allegedly is monitored by French secret services as an extremely dangerous person ...

https://twitter.com/MrAndyNgo/status/1810745144892870772

[Fishrrman]

France and Britain are now both highballin' down the fast tracks, side-by-side, racing against each other to see which can become the first islamic nation of Western Europe. With a lot of socialism/communism/anarchy thrown into the boilers, as well.

[jafo2010]

LMAO...
It doesn’t take an economist to figure out where this is going to lead

Yes, it will result in the USA bailing them out at some point, and the Chinese buffering us.  Makes a lot of sense what we are doing.   NOT!!!!!!

[LMAO]

And when their radical plans fail, they’ll do what leftists naturally do and double down on their failed agenda

[LMAO]

The only thing the left is successful at is failure

[mountaineer]

French Election Proves Elites Will Burn A Country Down Rather Than Let The Right Win
The recent French election illustrated that elites will happily ally with left-wing radicals just to prevent the right from winning.
By: Hayden Daniel
July 10, 2024

After a promising first-round lead, France’s right-wing National Rally party came up short in the second round of the country’s legislative election. It ultimately came in third for seats in the National Assembly, France’s lower house, behind left-wing coalition New Popular Front (NFP) and French President Emmanuel Macron’s centrist alliance, Ensemble.

More than 300 contests in the first round proceeded to a three-way runoff involving National Rally, the NFP, and Ensemble. If those three-way races had gone ahead, National Rally had a decent chance of winning a majority in the second round. In response to that threat, more than 200 candidates from both Ensemble and NFP withdrew from those three-way races ahead of the second round to prevent splitting the vote and giving the victory to National Rally. In some instances, Macron had to pressure Ensemble candidates to drop out to give the advantage to NFP candidates.

So the leftists and centrists colluded to game France’s electoral system and ensure the right-wing party had no chance at power.

No single party won an outright majority in this election, so the nation will require a governing coalition. The National Assembly requires 289 seats for a majority. The NFP won 182 seats, Ensemble 163, National Rally 143, and The Republicans (France’s center-right party) just 39.  ...

In the wake of their triumph, supporters of the new leftist alliance took to the streets of Paris to indulge in their favorite pastime — setting things on fire. Macron’s unholy alliance with the French far-left almost certainly dooms the once-sovereign nation to economic depredation at the hands of radical socialists and cultural annihilation due to mass migration that’s not only permitted but upheld as an absolute good.

The French election has illustrated more clearly than ever that elite technocrats will gladly form a cynical but highly effective alliance with radical left-wing ideologues rather than let the right have a victory. And they’ll let the left burn their country to the ground just so they don’t have to face the truth about their disastrous immigration policies.

Those same elites with those same pretensions to superiority reside here in America, too. ...

More at The Federalist

[Free Vulcan]

So in the end the Right in France is still a minority, the Left is just fractured but will unite to stop them. So nothing has really changed.

[GtHawk]

If England was smart they would start back filling the Chunnel,  but then they are well into their own Islamanization so

[andy58-in-nh]

And again in Europe the dogs return to their vomit.

Exactly. And the burnt Fool's bandaged finger goes wabbling back to the fire...

[MeganC]

"France's triumphant left-wing coalition unveils its radical plans for government including a 90 per cent tax rate on the rich"

Anyone with assets would be wise to leave France now.