France proposes 29 budget measures amid a wealth tax backlash

The plan pairs a housing aid freeze with the removal of support for non‑EU students.

Alex Prescott

Key Highlights

  • Government proposes 29 budget measures amid claims the new wealth tax exempts most billionaire assets.
  • Plan includes a freeze on housing aid and the removal of support for non‑EU students.
  • Executive signals suspending the 2023 pension reform until the presidential election as the Socialist Party declines to file a censure motion.

r/france spent the day toggling between fiscal theater, bureaucratic hacks, and meme politics—an ecosystem where austerity is sold as virtue while spectacle drowns out substance. The community’s verdict is sharp: shield the ultra-rich, squeeze the vulnerable, distract the rest with stickers and mascots.

Selective austerity with a velvet glove

At the center is a technocratic push for a package of 29 fiscal measures, pitched as responsibility and debate, but instantly reframed by an economist’s takedown of the new wealth tax that allegedly exempts the lion’s share of billionaire wealth. The same budget wave pairs with a hard edge—namely a freeze on housing aid and the removal of support for non‑EU students—signaling where “effort” really lands.

"Yeah, basically, same people, same playbook. The pension reform ‘suspended’? Just kicking the can. The effort asked of the richest? Lol. Time to vote censure; there’s no other choice. I’m crossing my fingers the PS won’t settle for empty promises." - u/Chapeltok (291 points)

Optics are doing heavy lifting: the PS refuses to file a censure motion right as the executive floats a suspension of the 2023 pension reform until the presidential election. In other words, pause the most radioactive file, price austerity where it hurts the least politically, and call it dialogue.

"So the savings made on the backs of students (already precarious) are supposed to plug the public debt? It’s incredible to see our leaders do everything except tax Bernard Arnault and the 1%..." - u/TanukiDev (334 points)

When systems fail, citizens improvise

Beyond the spreadsheets, a raw account of a schizophrenic brother sent to prison instead of hospital care hits the nerve: institutional scarcity in psychiatry converts illness into crime, isolation, and long-term mistrust of care itself. It’s not an anecdote; it’s a pattern produced by the budgeting choices above.

"There are so few places in psychiatry that they turn away people in full psychotic breakdown declaring suicidal intent. Yet we find money to add prison beds, cheered on by an electorate demanding more severity and fewer aids." - u/veverita_ (136 points)

On the ground, people learn to game the rules just to breathe: a detailed explainer on how to turn one holiday-adjacent leave into two days off epitomizes survival through legal literacy. When governance lurches, the public responds with mini-tactics—small wins in a system tilted against big ones.

Politics as collectibles and viral gestures

When legitimacy wobbles, the culture steps in: a government mocked by the satirical appointment of a Labubu mascot and a rolling ministerial churn reduced to a Panini album starring Shrek. It’s not just jokes; it’s an index of public cynicism—a way to track governance by collectible chaos.

"Media will debate for years whether Musk’s gesture was a Nazi salute or a Roman one, but a blurry end-of-interview image becomes a middle finger. As usual, the show talks outrage, not substance." - u/Atiscomin (223 points)

And then the week’s lightning rod: Mélenchon’s on‑air middle finger episode, a perfect storm where virality trumps policy and the meta-conversation devours the actual one. r/france didn’t blink; it connected the circus to the ledger, and asked—again—who benefits when politics is reduced to a GIF.

Journalistic duty means questioning all popular consensus. - Alex Prescott

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