172
French PM may scrap two public holidays to reduce country’s crippling debt
(www.theguardian.com)
this post was submitted on 15 Jul 2025
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American here... this plan implies that corporations are well taxed right. Cause if people work on a holiday, thier pay doesn't change I assume. That means only the increased output that leads to corporate income generates leading to improved tax revenue counts.
If the corporate tax rate is low like in the US, this would be like trying to fill the bathtub through a straw while the drain is open.
No no no, you can't tax corporations silly. That would punish them for creating jobs and wealth, they will leave the country and take back their jobs and then where would we be? Better continually lower corp taxes and Unleash the Magic™️ that will somehow cause budgets to balance themselves and jobs to spring up in abundance.
Is that how france does it too? I know that is the concept here in the states.
Almost everywhere these days sadly. If there are exceptions, I'm not aware of them. Tax codes are globally under fire because companies see them as an impediment to profitability, and not the foundation for how society functions and thus allows business to function.
Well, in the US the board of a public company has a legal fiduciary responsibility to the shareholders. And shareholders look for short term gains. So basically, if the company tried to do what was right for the long term, the board would get sued, and lose. After the united healthcare CEO got shot and killed, United started denying less claims. It was surely a short-term measure designed to help the company long term. A major investment company that owned a lot of shares is suing them for that specific decision. This kind of thing has lead to companies being controlled by people who favor short term wins, like lower taxes now, worry about everything else later.