The government’s economic policy has favored the assets and richest, according to a study by the Institute of Public Policy.
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This is already one of the major themes of presidential precamp: the purchasing power should, in all likelihood, remain at the center of the concerns of the French by the vote of April 2022. But how Did he evolve during the mandate of Emmanuel Macron, who had begun his five-yearly fifth of the label of “wealth president”? It is to answer this question that the Institute of Public Policy (IPP), an independent research organization, published on Tuesday, November 16, a thorough assessment of the consequences, on households such as companies, tax and social measures Taken between 2017 and 2022. This annual study, which Le Monde could consult, makes it possible to draw up a first assessment of the economic policy of the head of state, and to determine who the winners and the losers are.
compared to 2017, almost all French people have seen their standard of living (that is, their income, work or capital, after payment of taxes and payment of social benefits) increase by 397 euros by average (+ 1.6%). With a noticeable exception: the 5% of the most modest households (those who live with less than 800 euros per month), which have lost up to 0.5% purchasing power (up to 39 euros over one year ).
The inequalities have therefore increased between the bottom and the top of the level of living standards. On the individual level, 80% of the most modest 1% are even losers on the quinquennate, against a quarter of the earliest 1%. “There is a lot of heterogeneity of the most precarious situations, Nuance Brice Fabre, Economist at the IPP and one of the authors of the study. But, at the beginning of the quinquennate, they have suffered from lower benefits limited, limited by amount but numerous (reform of housing aids, less revalued family benefits than inflation …). “Especially since they are more disadvantaged categories, in proportion, by the taxation of tobacco and Energy. “These conclusions seem fragile, as suggested by the profile hitting results at the first centilian”, defend yourself in Bercy.
“The economic and social measures of Emmanuel Macron have more strongly favored assets and heritage holders,” says Antoine Bozio, the IPP Director. It emphasizes the major role played by the rise in the activity bonus and the reform of capital taxation (elimination of the solidarity tax on the fortune, replaced by the tax on real estate wealth, and establishing a Unique lump sum or “flat tax”), but also the removal, in 2018, of the sickness and unemployment wage contributions, offset by a rise in the CSG.
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