Frogs Get a Clue

The French may be close to actually improving their lethargic economy by removing oppressive taxation on overtime pay (anything over 35 hours), a measure championed by new president Nicolas Sarkozy:

Under the overtime measure, workers would not pay income tax or social charges on overtime hours, and employers would pay reduced payroll fees. . . .

The measure is aimed at weakening, without abolishing, the 35-hour workweek, a landmark measure introduced by a Socialist government in 1999 to boost job creation. Opponents say it has dragged down growth and not increased employment, but it remains dear to many French leftists.

Silly leftists. How does removing the incentive to work help anybody?

Posted July 12th, 2007 Filed in France