Emmanuel Macron’s Unwanted New Title: ‘President of the Rich’ – By Adam Nossiter – NYT

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By Adam Nossiter
Nov. 1, 2017

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“PARIS — From the all-powerful president with the infallible touch, Emmanuel Macron has become the “president of the rich,” an elitist dispensing fiscal goodies to the wealthy. At least that is what parliamentarians, some economists, television interviewers and newspapers have been calling him in recent weeks.

Barely six months into his presidency, Mr. Macron has been brought down from the heights to places many French are deeply suspicious of: the corporate suite and the banker’s office. Over and over that unflattering label — “president of the rich” — has been affixed to the young leader.

“You are committing violence with your policy. It’s you that are going after the poor to give to the rich!” thundered François Ruffin, a firebrand of the leftist France Unbowed party.

Mr. Macron was guilty of a “heavy moral, economic, and historical sin,” the best-selling economist Thomas Piketty wrote in the newspaper Le Monde.”

via Emmanuel Macron’s Unwanted New Title: ‘President of the Rich’ – The New York Times

David Lindsay:

Macron has really fucked up, to use an old French expression. I have also read and posted the hyperlink to the article on the asset tax he reduced on the wealthiest individuals, as one of his first acts as prime minister. He really blew the visuals on that one, and then, apparently, he has never heard of making a gas tax either revenue neutral, or only to raise money for public transportation. If he continues to rule like a deaf emperor, he will fail, which is horrible, since we need his leadership now for fighting climate change, containing Russia, and hearding the cats of the free world during the great vacuum of Trumpism.