Ultimately, how to resist the Obamamania that is ruining the United States?
Big Government
Here is a relevant remarks from Professor Florin Aftalion: the word “profit” has disappeared from the public debate to be replaced by the word “margin”. This semantic shift is not trivial: the profit goes to CEOs and shareholders while the margin is under Government control!
According to the Harris Interactive poll for Le Figaro daily and LCP television, French President Hollande would not be reelected in 2017. His fiscal policies are highly criticized and would cost him his reelection. It seems that Holland is discovering this principle : the more taxes, the less votes. Yet, if he is not reelected, what would be next?
Reforming is a path for reelection: German Chancellor Angela Merkel privatized, deregulated, capitalized. She did not reflate nor accepted deficits : she reduced taxes. For sure, there are some lessons to learn for France.
In which country would you live best? In France, amid interventionist politicians and cocooned by a Big Government? Not at all… The last OECD data about the well-being in the…
Big Governments usually do not trust people or companies to improve living conditions. That is why notions of “social justice”, “solidarity”, “equality” and above all “sharing” were hijacked by Governments and turned into an economic principle: redistribution. Since it is believed the Government is the only organization that can be fair and would share wealth without any interests of its own, collectivism has been on the top of political agendas. Reality and practice have blown up this utopian belief: Governments are acting for their own interest, the one of the public sector, hampering the private sector’s growth. Yet “sharing” does not need any Government to be implemented: citizens can do it on their own and be even more generous than Governments could imagine. A recent study done by Sinan Aral, an assistant professor and a Microsoft Faculty fellow at NYU’s Stern School of Business, leads us to believe that economic “sharing” and distribution of “wealth” do not need any Government to be fair. People can be trusted!
France is the best example of this economic truth. The French public sector is undermining the economy. It must be pointed out that in Spain and Ireland the crisis was due to a real-estate bubble. In France, the crisis is worsened by an obese bureaucracy. The trend is striking: the French public sector is growing faster than the private sector since 1987.
This is the decrease in the rate of economic growth per capita that results from an increase in the tax revenue to GDP ratio by 10 percentage points. This is…