French State Intervention Benefits Companies Over Citizens, Analysis Finds
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The French state intervenes heavily in the economy, but this benefits companies more than citizens. Tax breaks and credits to companies have increased over time.
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Households, not companies, provide the bulk of tax revenue through regressive taxes like the VAT. Meanwhile, public spending increasingly aids the wealthy.
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The Bank of France actively intervenes to support markets and keep interest rates low, unlike its past role supporting state economic planning.
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The state should be more selective in aiding companies based on ecological impact, and shift transport subsidies from aviation to trains.
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The left should utilize public debt and deficit spending for ecological transition and social programs without fear of punishment by markets.