Sunday, December 9, 2018

France’s Tax Revolt: What Separates the Yellow Vests from America’s Tea Party

The Foundation for Economic Education

At first glance, the French yellow vests and American Tea Party seem quite similar, but once you look closely, the resemblance disappears.


"In an effort to make its case on climate change, the government under French president Emmanuel Macron has significantly increased the TICPE, an acronym which stands for "interior tax on the consumption of energy products." An increase of up to 12 percent is supposed to curb CO2 emissions and get the country on target to fulfill its objectives, set out in the Paris Climate Accord (which the United States has pulled out of under President Trump).
"Petrol prices in the République, which were already much higher than in its neighboring countries, skyrocketed despite the current level of cheap oil. On a website set up by the French government in an effort to help consumers compare prices, this becomes very visible: in the Paris region, a liter of petrol can cost up to €1.90 ($2.15). For my American friends who may be less familiar with the metric system, that’s $8.13 per gallon.
"As a result, the gilets jaunes (yellow vests) arose out of civil society. They aren't associated with any political party, but they are surely angry, contesting sky-high taxation in France, and the political class is unwilling to listen to them. Protest marches often occur on motorways, where the yellow vests block the streets to get attention for their cause. The high-visibility security vests they wear are symbolic for a cry for help and a desperate attempt to gain attention. However, unannounced protests on motorways also had their price: one woman was killed, and hundreds injured in protests that were held on motorways not closed down by police."' . . .

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