The major contributor to the current riots in France seems obvious…it’s the ECONOMY.
Nigel expressed the major cause of economic unrest as being REGULATIONS. The giant corporations have the wherewithal to absorb the costs of regulations whereas the small businesses do not.
Mom and Pop establishments, the backbone of communities, villages, cities and the incomes of the millions of people employed by small businesses…are being regulated out of business by government bureaucrats at lower levels reporting to government bureaucrats at higher levels, all of which take their income from taxes paid by the people being regulated.
This should be patently obvious in looking at the results of President Trump’s getting rid of some major regulations upon taking office.
What is needed is regulation of the regulators. Put them out of business!
The regulators are often not affected by the regulations they impose. I have no proof but do rest assured that the overwhelming majority of them are not elected to the positions of power that they hold.
Economic growth in the United States has, on average, been slowed by 0.8 percent per year since 1980 owing to the cumulative effects of regulation:
If regulation had been held constant at levels observed in 1980, the US economy would have been about 25 percent larger than it actually was as of 2012.
This means that in 2012, the economy was $4 trillion smaller than it would have been in the absence of regulatory growth since 1980.
This amounts to a loss of approximately $13,000 per capita, a significant amount of money for most American workers.
Moby-Dick 720 pages
The Hitchhiker’s Guide to the Galaxy 832 pages
Anna Karenina 864 pages
Gone With the Wind 960 pages
War and Peace 1296 pages
Atlas Shrugged 1200 pages
Dodd-Frank regs 848 pages
EU-Canada trade deal 1600 pages
Macron has made no secret of his desire to entice the banks to leave London after Brexit and move to Paris. He has tried to make it an attractive proposition for them with tax cuts, but in so doing he has to make up for the shortfall elsewhere, and the carbon tax is just one way. The average worker is being screwed over and they have finally have had enough. That also explains why Macron has been such an arsehole to the UK achieving an acceptable deal - he wants us to fail, so the financial services hub will transfer their operations to mainland Europe, ideally Paris.
No trader worth their salt will move from London to Paris. Tax cuts for the banks won’t do anything to resolve the tax which the traders will have to pay in France
What Macron is ignoring is that London is by far the largest for FX at 40%, followed by New York at 19% and about another 20% going through Asia. They all speak English, not French!