The wealth gap in France, the need for fiscal reform, and the hypocrisy of David Cameron
A study just published by the French National Institute of Statistics and Economic Studies (INSEE) reveals that the richest 20% of households in France own 71% of all household wealth. Mediapart finance and economics correspondent Laurent Mauduit argues here why that and other telling statistics from the study highlight the urgency of the new French socialist government’s fiscal reform plans, and shine a harsh light on the hypocritical attack launched against them by British PM David Cameron.
TheThe inequality of the spread of wealth in France is so often, and has been for so long, the subject of controversy and debate that one might just be tempted, expecting a feeling of déjà vu, to overlook the latest results of a study by the French National Institute of Statistics and Economic Studies (INSEE). But that would be an important mistake.
