41–50 of 158 posts
French startups. Bunch of pissy little whiners. They cry when nothing is done to help them, cry louder when something is done to help them. And the same people who spend so much energy bashing any government, left or right, cry like babies to get any state subsidies for their failed ideas. And they dare call themselves entrepreneurs. I wonder how do so many foreigners succeed to start their business in this country.
From a french guy : We are so late on this. imo, it's just an adjustment compare to other country (like US). There is also a lot to do to change the mentality, because the crowd don't believe in "entrepreneurship" and prefer to work directly in big company.
from a Indian guy, planning on coming to France for Higher Studies: France is sprinting now, when others are exhausted (USA, UK, China, India).. France is where it is right now.
India is 'The' place to be in this century. With a relatively young free market economy, and a negligible competition space in the start up market. You can practically do anything you want and achieve in India currently.
Don't simply blindly believe the place you want to go to is the best, rather research properly- find the best place and go there.
To me, the most important thing is that he's closing the "040" indicator used by the banks to index the entrepreneurs who previously failed. It's virtually impossible to get help from a bank if your previous startup has failed. There's a bigger picture here. France is so incredibly intolerant of failure it's not funny. There's the rampant myth of the "genius superstar that never fails" and you only get one chance to…
Ford (cars), Disney (media), Lincoln (president), Heinz (condiments), Hershey (candy), Twain (author), Fox (media) -- tons of others...
Earlier quoted context omitted.
Thanks. I don't think that article glorified anything though.
Well, when 95% of the article supports one idea and only the last 10 lines mention the potential issues with it, I call that very biased at the least.
75% tax rate. He is a sociallist big time. He hates free market economy. Now confronting public outrage he puts some lipstick on a pig and it still doesn't look good as he doesn't get the markets. 75% tax rate, who is he kidding? Who wants to work for free for years on their startup and sacrifice their savings, their social life, sometimes their family, just to be hit by 75% tax at the end of the journey? No thank yo…
Not feeding the troll, but the average tax for a company is ~36%. 75% is the income tax when you are very rich. (And it's still a project). now, the income tax is 50% for the rich people.
75% tax rate. He is a sociallist big time. He hates free market economy. Now confronting public outrage he puts some lipstick on a pig and it still doesn't look good as he doesn't get the markets. 75% tax rate, who is he kidding? Who wants to work for free for years on their startup and sacrifice their savings, their social life, sometimes their family, just to be hit by 75% tax at the end of the journey? No thank yo…
75% tax rate. He is a sociallist big time. He hates free market economy. Now confronting public outrage he puts some lipstick on a pig and it still doesn't look good as he doesn't get the markets. 75% tax rate, who is he kidding? Who wants to work for free for years on their startup and sacrifice their savings, their social life, sometimes their family, just to be hit by 75% tax at the end of the journey? No thank yo…
The visa thing is nice. Simplifying capital gains tax is awesome. I can't say that I'm a big fan of the tax breaks though. We shouldn't subsidize any business, they should fail or succeed on their own merits.
It _would_ be, but that's the part I'm the least confident about. Simplifying goes against the DNA of both France and bureaucracy, so I don't expect much of French bureaucracy about this; I expect the ministère des finances to reintroduce at least as many byzantine rules as they're forced to abrogate.
The ministère is stuffed to the brim with [ENA alumni](http://en.wikipedia.org/wiki/%C3%89cole_nationale_dadministr...), i.e. people extremely well connected and well versed in stealth sabotaging of unwanted reforms. They've a strong track record of politically killing finance ministers who wanted to "simplify" them.
> We shouldn't subsidize any business, they should fail or succeed on their own merits.
Indeed, but big companies have an unfair advantage over small ones: they're able to influence regulation (especially if they can afford to hire ENA alumni). In a heavily regulation-prone country such as France, this advantage is so important that it stifles SMEs; some countermeasures are needed.