Originally posted by Starlight
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In the interviews I'm seeing now with the protesters, the nickname "President of the Rich" is coming up more and more for Macron. He seems to be being viewed as simply one of the rich (his background is wealthy investment banker) and as doing policies for them.
His govt has changed the tax system to tax rich people less and poor people more, and a lot of people seem very upset with that and the rising inequality it is creating. France used to have a Wealth tax, which charged people 0.5% per year on total assets over ~$1m, rising to 1.5% on assets over ~$11m, and he's abolished that. Instead he's taxing poor people on the gas they put in their cars. This has upset both rural conservatives who are now having to pay a gas tax, and city liberals who hate the abolition of the Wealth tax.
His govt has changed the tax system to tax rich people less and poor people more, and a lot of people seem very upset with that and the rising inequality it is creating. France used to have a Wealth tax, which charged people 0.5% per year on total assets over ~$1m, rising to 1.5% on assets over ~$11m, and he's abolished that. Instead he's taxing poor people on the gas they put in their cars. This has upset both rural conservatives who are now having to pay a gas tax, and city liberals who hate the abolition of the Wealth tax.
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