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Michel Cicurel: "Let's not push our rare capitalists to flight, let's multiply them!"

2020-06-07T23:30:03.432Z


TRIBUNE - Taxing capital even more would only aggravate the weakness of our companies' equity, to the detriment of wages and employment, argues the president of the La Maison group *.


No sooner does the coronavirus pretend to retreat than that of populist demagoguery regains its virulence: it is necessary to "pay the rich" and, of course, capital. There is no better remedy for cleaning up public accounts than to restore the capital surcharge. Germany surpasses us today by its economic prosperity and the health of its public finances because the Schröder reforms of the early 2000s applied the theorem of Helmut Schmidt: "Today's profits make tomorrow's investments and the jobs of the day after tomorrow. ”

Read also: Franco-German recovery plan: will the French have to repay?

However if the social budget of the French nation, already world champion before the Covid, will soon exceed 1,000 billion, it is because our welfare state compensates for the weakness of job and income creation by our companies, insufficiently endowed with equity.

To fight against our deficits and public debt, which the economic and social crisis will severely worsen, we must therefore let them breathe

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Source: lefigaro

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