Massive fiscal shock, soaring public spending… The dangerous collectivist experiment proposed by Mélenchon for the presidential election
Jean-Luc Mélenchon's program is based on the massive increase in State and Social Security revenues
Quick Look
- The rebels attribute the public deficit to business aid and tax cuts for the richest under Emmanuel Macron.
- Their 2027 counter-budget provides for 106 billion euros in additional levies, representing a fiscal shock of 3.4 points of GDP.
AI-generated summary
Why It Matters
The Insoumis criticize Emmanuel Macron's economic policy carried out for ten years, in particular aid to businesses and tax cuts for the richest, whom they hold responsible for the deficit in public accounts and the French debt.
In politics, you need simple ideas. Especially in the countryside. Among the Insoumis, it starts with the diagnosis of the state of the French economy. According to them, the aid to businesses and the tax cuts in favor of the richest undertaken over ten years by Emmanuel Macron fully explain the deficit in public accounts and therefore the country's debt. Coming back to both will resolve the budgetary problem. Simple. Basic.
Jean-Luc Mélenchon's program therefore consists, first of all, of massively increasing State and Social Security revenues. The figures for the entire five-year term have not yet been communicated. But the counter-budget for the year 2027 presented at the beginning of October gives a salty taste: the Insoumis are planning 106 billion euros in additional levies.
Also read “It would be an almost immediate crisis”: what economic circles think of Jean-Luc Mélenchon’s program
A fiscal shock of 3.4 points of GDP
Open Questions
- What is the complete costing of the program over the entire five-year term?
- What precise measures make up the 106 billion euros in additional levies?
- What is the detailed reaction from business circles beyond the title of the linked article?
