French President announces pro-business measures

It's not about complaining. It's about policies that make sense.

Look, I have saved for few years to have initial funding for my business. This means I had to take away from myself and my family. To save for future business. So, in that period of time, I had lower standard of living that my coworkers. Right? Maybe my daughter couldn't get the toys her friend. could. Maybe we couldn't go for a vacation in 5 years. Maybe we had to live is small apartment vs. a house. Drive car that's not really nice. All of this to save money to invest in future business. Once the money was saved, I quit the regular job. Now, it's even worse. I have no income at all. And still have to pay bills for the family + spend on the business.

The statistics are 1 in 10 startups make it. 10% chances. So after additional 2 years working on the startup and burning all the savings, let's say - 10% chance - it worked. I made it, I sold the business.

You are telling me to tax people like me at 50%. And how do you think now, why in France there is no Silicon Valley? Because nobody in their right mind is going to work their butt off to be taxed at the end at 50%. It just doesn't add up. It would be better for me to stay with a regular job if I were in France. And in the end that's bad for France. It makes it much less competitive, much less innovative, and scares prospect capital off its borders. California alone has bigger economy than France. But in California nobody will punish you with a tax at 50% for trying to be innovative. And California has good roads and sewage system too. Without extreme taxation and business unfriendly environment.

Yeah, because it's so easy and comfortable living on 650 euros/month...

And then there's the typical programmer under the SYNTEC union convention, who is paid for 37.5 hours/wk, with only 10 days off for RTT per year.

But in reality, we work the full 39/40 hours, because we're paid by the day, and there's much work do be done anyway. So, we're averaging 35 hours on paper, but more like 37.5 in reality.

I guess that's just something to keep in mind while negotiating the salary.

It's more like they choose not work, most of the time, and live off society.

> Marginal tax rates on the top earners (ie: the high-tech >sector) are 46% here in Israel and we've got plenty of >start-ups.

And if the rate was 15% your guess is there would be even more start-ups or less? And if more, wouldn't that be more valuable for the Israeli economy than to give this 30% difference to politicians to waste?

>And yes, it's about policies that make sense for the >economic constraints of the government and the values of the >voters. Key words there being values of the voters.

Agree 100% here with you. However when people vote for something they rarely see the side-effects that quite often are much worse than the potential benefits. Like with cough medicine that gives you heart attack. People don't see things through at times. They'll vote for a politician who promises the most, understanding he'll go deeply in debt and not really caring that their children will have to pay it all off. Democracy gives the people great power, the problem is they don't want to accept responsibility for it. I have a great example here: In 1990s Democrats in the USA got this really good idea that all Americans should have a house. Even ones who couldn't afford it. What they did is they told the banks: look we (the Government) are going to guarantee all the mortgages. If you give a mortgage to someone and that person stops repaying it, the Government will buy the mortgage back using taxpayers money. And you know people voted for it. So all the folks who really weren't qualified got mortgages they couldn't afford. How markets work is that there is a balance between greed and fear. You're greedy to give someone a mortgage but afraid he will not repay. The Government took the fear part out of equation. Obviously the whole thing had to collapse. And in 2008 it did. And what caused that? Good intentions, socialism - let's give house to everyone. Now everyone's screwed over. And the funniest part is that now they blame bankers and capitalism for that. It was socialistic idea from the start.

>France might have a very state-driven economy, but most of >the world's top economies certainly don't take the American >neoliberal wannabe-anarcho-capitalist approach.

US is much more socialist they you could think. They talk the talk but don't walk the walk. Currently in the US there are more people who get Government benefits than those who pay the income tax. That's not capitalism. If you want to see capitalism look at China.