The Prime Minister has just made public the measures that his government plans to submit to Parliament on the occasion of the adoption of the finance law for 2026. The objective is to halt the deterioration of the country's public and social finance situation by proposing savings and increases in household taxes. The concept of a "blank year" covers the freezing of spending and social benefits for one year. But by weighing on household resources, doesn't this risk slowing down consumption, and therefore growth with a rise in unemployment, and causing a "black year"?

The place is still ...

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With almost zero growth and massive and sharply increasing public debt, the French economy is facing challenges to which it is urgent to provide appropriate responses. But political instability and the lack of a parliamentary majority following the dissolution of the National Assembly a year ago have prevented the government from dealing with this unprecedented situation. However, and this is not the least of the paradoxes, the French have never been so rich, even if this wealth is very unevenly distributed, and large companies so profitable.

At the end of 2023, households' financial assets exceeded €6,000 billion, the latest ...

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The aggravation of international tensions should not make us forget the current fragility of the economic and financial balances in which the stability of the dollar and the resulting confidence must play an essential role. In the past, taxes were successively assigned three missions: to finance public spending, then to contribute to the redistribution of income to correct inequalities, and finally, with the application of Keynesian principles, to act on economic activity by stimulating investment and household consumption through the budget deficit.

After decades during which wealth accumulated, even if it was not evenly distributed, and the exchange of goods ...

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