{"id":5547,"date":"2011-09-12T04:45:00","date_gmt":"2011-09-12T04:45:00","guid":{"rendered":"\/Community\/blogs\/fdominicus\/archive\/2011\/09\/12\/how-deep-is-the-trouble-france.aspx"},"modified":"2017-12-07T07:37:48","modified_gmt":"2017-12-07T06:37:48","slug":"deep-trouble-france","status":"publish","type":"post","link":"https:\/\/www.q-software-solutions.de\/blog\/2011\/09\/deep-trouble-france\/","title":{"rendered":"How deep is the trouble (France)?"},"content":{"rendered":"<p>Now after Greece let&#8217;s have a look at France.<br \/>\nI now work for more then 10 years with a french programmer. And he&#8217;s self employed. (but won&#8217;t be that much longer we will retire).<br \/>\nThe french government does act as the the sun&#8217;s king times. The last attack was that one has to pay for the gains one have while selling houses.<br \/>\nWell of course inflation is not taken into account but even worse, the  tax should apply to any bough house (even in the past) <\/p>\n<p>\nSo of you&#8217;d bought a house 10 years or so ago. And you would sell with a gain theese days, you won&#8217;t have to pay any tax, well that was the law as you bought that house.<br \/>\nNow this does not hold any longer? That&#8217;s brutal and disappropriation.  Old contracts suddenly do not hold any more? <\/p>\n<p>\nAnother big problem the state has pension obligations and even self-employed have to pay for it. As in other countries this obligations habe to be met wit the current income. There was no<br \/>\naccruals for it. And well this means there is a big bureacracy in which everyone has to pay in. The buraucrats have to be paid and well maybe you get some money back. However it&#8217;s getting less and less likely that they stick to these obligations.\n<\/p>\n<p>\nAnother point one just earns below the minimum wage in France if the gross income month is 2500 \u20ac. So well that is quite a lot of money IMHO, but you&#8217;ll have  to pay all the government and also a tax consultants because it&#8217;s the law that every self-employeed has to be controlled. Well yes  the money is gone for &#8222;nothing&#8220;..You can see the elits of France in the form of MMe Lagarde. So you can see, from there one can not expect anything.\n<\/p>\n<p>\nAccording to some figures one quarter of all under 25 are unemploye in france. That&#8217;s too much, and this  will raise the possibility of violence massivly. You can see the laws in France do prevent earning an honest income for a free living. That means France is as  much messed up as Greece. France will not be able to bear much more safety chutes costs. AFAIK they decided for a new &#8222;credit&#8220; facility named ESM which will just send us down the drain faster.<br \/>\n&lt;\/p<\/p>\n<p>\nSo currently I&#8217;d think the risks for a bankrupt are roughly in that order:<br \/>\n1) Greece (they are bankrupt)<br \/>\n2) Italy (<br \/>\n3) France, Spain<\/p>\n<p>\nI guess Germany will fall short after either Italy or France&#8230;. In fact it seems the ponzi scheme comes to an end. I do not think it will took much more than a decade to probably the biggest fall in history.<br \/>\nI think I will have to adjust my predictions or add a few other points to it.\n<\/p>\n<p>\nAll in all one can say devastating&#8230;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now after Greece let&#8217;s have a look at France. I now work for more then 10 years with a french programmer. And he&#8217;s self employed. (but won&#8217;t be that much longer we will retire). The french government does act as the the sun&#8217;s king times. The last attack was that one has to pay for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3974],"tags":[6590,6622,6795,6964,7089,7113],"class_list":["post-5547","post","type-post","status-publish","format-standard","hentry","category-allgemein","tag-expropriation","tag-france","tag-laws-as-one-likes","tag-preventing-work","tag-stealing","tag-sun-king"],"_links":{"self":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts\/5547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/comments?post=5547"}],"version-history":[{"count":0,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/posts\/5547\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/media?parent=5547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/categories?post=5547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.q-software-solutions.de\/blog\/wp-json\/wp\/v2\/tags?post=5547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}