More than 250,000 people protested in Paris last week. Most of them were young people. There were 6,000 arrests, many of them minors.
What do they want? They don’t know. Apparently, the schools are not well-maintained despite a massive tax scheme for most French citizens.
This is basically a far-left demonstration. Sadly, this will soon come to our country. The French government can’t solve the problem because they don’t have any money.
All the cash has already been spent on migrants, a generous retirement system, healthcare, childcare, and on.
Here are some facts:
France spends more public money relative to its economy than almost any other developed country.
Years of running annual budget deficits have built up a public debt exceeding 115%–120% of GDP.
So, what’s the solution? Raising taxes is not an option. Rates on the wealthy already approach 75%.
The only way out is to cut spending. Never going to happen.
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