|Quoting BMI727 (Reply 245):|
Part of how they level income is by taxing high earners at excessive levels.
That tax is not a function of minimum wage. It is possible to increase taxes on high earners without introducing a minimum wage. That does not support your arguement.
|Quoting BMI727 (Reply 247):|
disposable income equals freedom.
Only from a very narrow-minded viewpoint. Argueably desert nomads are some of the freest people on this planet and they have zero disposable income. The continual effort to have more money than everyone else and measure value only in financial terms is a self-imposed loss of freedom.
|Quoting RomeoBravo (Reply 242):|
Not that that matters, the UK will be back in recession in a few years when the latest housing bubble bursts, along with the QE addicted US. No idea about France.
The french housing market was almost (compared to the UK) unaffected by the last burst. Housing prices fell about 2% compared to 20-30% in the UK.
There are much stricter controls on mortages in France. Mortgage not to exceed 60% value of property, total debt payments not to exceed 40% of a household income etc.
As a result France doesn't really have a housing bubble in the same way.
A normal mortgage in France is 10 years. I have a UK colleague who had a 110%, 100year mortgage.