Tribune A Victory of Marine Le Pen on April 24 is possible. A large number of voters consider that Ms. Le Pen’s program is not extreme right, and even economic and social progress. What about really?
Young economists from various thought currents, the signatories of this forum voted for various candidates in the first round and, like the French as a whole, do not all bear the same judgment on the economic balance of the five-year ‘completes.
But all agree on the major dangers that a victory of Marine Le Pen would, for the country in general and the social justice, and the ecological transition in particular. At the economic front, the tax policy of M me le Pen would aggravate inequalities. Between the French and foreigners, first, which would be systematically discriminated against the name of the “national priority”, new name of the “national preference” dear to Jean-Marie Le Pen. For example, family allowances would be reserved only for French to promote a so-called “French” birth policy.
The policy of the National Gathering also accentuates the inequalities between the French themselves, to the detriment of the most modest. Because contrary to what she would like to believe, the program of M me Le Pen is not that of the popular classes against the bourgeoisie. The National Gathering Candidate proposes the abolition of income tax – the cornerstone of tax progression – for every under 30 years: a bargain for the richest, which would come out former winners of this reform, the young people of Popular classes do not pay any income tax.
Capital leakage and rising debt cost
It also proposes to remove the property on real estate fortune, again a gift to the easiest. Finally, the candidate of the national gathering proposes to exempt the real estate estates up to 300,000 euros every ten years, even though 50% of the French will inherit less than 70,000 euros throughout their lives! Can not see in this tax policy a progress towards economic justice.
The M me Le Pen program is a non-provision check. The overall philosophy is that of a widespread decline in taxes, VAT on fuels to production taxes, passing through employers’ contributions. This policy would leave a gaping hole in financing public and social budgets, of the order of 100 billion euros per year. With the risk of weakening the French model of social protection, provoke a flight from capital and an increase in the cost of debt.
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