What ingratitude!
The French, whether they are farmers or not, readily blame Emmanuel Macron for their harsh living conditions.
And yet few presidents have gone to such lengths to protect the purchasing power of their fellow citizens.
Despite the dominant discourse on supply-side policy, the head of state never hesitates to take out the checkbook during crises such as elections... In 2017, the En Marche candidate committed to eliminating the housing tax, or nearly 20 billion euros in tax cuts.
After the protests of the “yellow vests”, 17 billion were redistributed.
During Covid, partial unemployment costs 31 billion euros.
Finally, faced with the resurgence of inflation, France is introducing price shields on energy, much more generous than those of its neighbors.
Announced a few months before the presidential election, they burden public finances by more than 100 billion euros over three years.
The economic institute Rexecode has thus calculated…
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