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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (332719)	4/12/2007 5:05:59 AM
From: Taro	Respond to of 1573092

He lived high because he took from others, not because he was creating wealth. Didn't they always? Those French ;) Taro

To: TimF who wrote (332719)	4/12/2007 3:33:53 PM
From: tejek	Read Replies (1) \| Respond to of 1573092

You say "the French war was draining the French treasury" and then say "the problem had little to do with the size of the gov't." But war is a government activity. Also it wasn't just the war. The French king and his court controlled to much of the wealth of the country, and the king dominated the government. He lived high because he took from others, not because he was creating wealth. France was at war while the king taxed the people and not the nobility. This is what I posted to Ten.......its sounds eerily like present day America: There were also wider problems affecting France at the time, for the entire country was standing on the edge of bankruptcy. The long series of wars fought by Louis XIV and Louis XV had left France with the highest national debt in Europe. French society was under-taxed and what little money was collected failed to save the economy. Louis XVI was persuaded by Pierre Augustin Caron de Beaumarchais to support the American revolutionaries in their fight for independence from Britain. This decision was a disaster for France, despite its victory, because the cost was enormous." en.wikipedia.org