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🇫🇷🇷🇺❌🤑 — The New People's Front (NFP), the Far-Left coalition that emerged victorious in French elections, seeks to introduce a 90% tax on rich people in France, reports French and British Media
➡️ According to Sky News, France's left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.
➡️ The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France's lower house of parliament.
➡️ President Emmanuel Macron's Together bloc came in second and Marine Le Pen's far-right National Rally (RN) party finished third.
➡️ France's parties are now jockeying for position and it's unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.
What are the NPF's policies?
🔴 A new 90% tax on any annual income above €400,000
🔴 Raise the minimum wage
🔴 Introduce nationwide price controls on essential foods, electricity, gas and petrol
🔴 Lowering the retirement age to 60
🔴 Start a heavy investment in green energy transition (in spite of nuclear energy) and public services
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