The tone was different, the illusion of empathy was very strong, but in the end, the actual measures fall far short of expectations and, above all, completely spare the shareholders.
- The announcements about the minimum wage (SMIC) or tax-free overtime will weigh on the state budget but not on the shareholders. In the end, it is the taxpayers who will pay for the increase in the minimum wage, but in no way the shareholders. Cynical!
- His announcement of a year-end bonus strangely resembles the 13th month salary that exists in many companies. Macron has just reinvented what already exists and is making it tax-free…
– While the President had the opportunity to reconsider costly measures with zero effectiveness (The CICE with tens of billions of euros per year) and reinstate the wealth tax (ISF), the President refuses to question his past choices. He refuses to reassess the tax breaks given to the wealthiest for years.
– Entire segments of the population, those who suffer the most, are excluded from the announcements. Neither the unemployed (50% of whom are no longer compensated), nor the retirees, nor the precarious, nor the young are mentioned.
The tone has changed, but President Macron remains consistent. He is the President of the ultra-rich; tonight’s announcements once again testify to this.
Robert Injey, PCF
