Report
France: The lack of social mobility has led to a rejection of inequality and to major problems in an environment of tax and social competition
The French education system leads to a lack of social mobility and this contributes to a rejection of inequality, which nevertheless is low in France compared with other countries. But the context is one of strong tax and social competition between countries that requires corporate tax cuts, cuts in taxes on capital and labour market deregulation, and which therefore leads to an increase in inequality. All French governments will be faced with this conflict between public opinion’s rejection of inequality and the competitive pressure from other countries that, on the contrary, is increasing inequality. Solving this conflict by using fiscal deficits (increased government transfer payments to low-income households, etc.) cannot be a long-term solution.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
Other Reports from Natixis
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.