- #36
GENIERE
If a progressive tax system is thought to be a means of reducing wealth inequity, think again. EU countries except for England have only seen a modest improvement after decades of socialist policies but inequity is still increasing for most countries. England has a higher percentage of inequity than the US. England has the strongest economy in the EU; is there a connection? France mysteriously provides no data for the 90’s; wonder why? The remnant French colonies, having strong economic ties with France, fair much worse than those remnant colonies of the US and England. Chirac visited Algeria, begging them not to increase trade with the US. Chirac is probably the most fiscally conservative president that France is likely to elect. With government employees totaling 20% of the French “work” force; what hope does that country have? If one wishes to accept unemployment figures of 10%, by all means tax and distribute. Let the 10% eat cake. I suggest a smaller piece of a much larger pie is superior to a big piece of a tart. Should a means be introduced to minimize inequity? Absolutely! Via a progressive tax system? Absolutely not!