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France Needs Laissez-Faire

Tour_eiffel_at_sunrise_from_the_trocaderoA number of very wealthy French citizens have called for their government to raise taxes on the rich, the “justification” being that this will help curb the government’s deficit. The French government concurred and has imposed a new 3 percent additional tax on everyone making more than 500,000 euros annually.

But this is morally wrong and politically impractical.

Individuals have a moral right to the fruits of their efforts, and for the government to confiscate a greater percentage of their wealth is for the government to increase the extent to which it violates their rights.

Further, increased government intervention in the lives and businesses of French citizens is what drove France’s economy into chaos to begin with. The solution to the problem is not for the government to intervene or tax more but for it to do so less. The solution is for the government to reduce its rights violations, to cut spending, to phase out the welfare state, and to move toward the ideal once uttered by an astute French merchant: Laissez-nous faire.

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