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Would it really be useful to tax French savings even more?

2020-04-28T14:32:24.338Z


The confinement would have caused a surplus of at least 55 billion euros. To encourage recovery, should we dissuade savers from inflating their woolen socks?


THE QUESTION. Until last week, the French economy was running only two-thirds of its production capacity according to INSEE. With this strange paradox, the state has become the good Samaritan of the French and their businesses, and his accounts are in the red while households are full of money. " There is 55 or 60 billion euros in over-savings (...) because we are at home, we consume less, while pensions are paid, civil servants are paid and employees are either at work , or in partial unemployment ", pointed out on April 26 during a parliamentary debate the deputy LR Éric Woerth, president of the Finance Committee of the National Assembly.

Read also: Will France be able to borrow at rates close to zero for a long time?

Suddenly, the saver is pointed out: the money he hoards does not circulate, and it is a major obstacle to " make trade work ", according to the popular formula. Is it possible to somehow prevent these surplus savings? The subject is very divisive to judge

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Source: lefigaro

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