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BREAKING! Putin: I Would Not Like For Russia To Be Like France; Just Look At What's Happening There!

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The middle class Where was it lost? We were told it would account for more than half of the population

Listen Do you know what the middle class is? If you think that the term “middle class” is about the way people live in France, Germany or the United States, this is not so The middle class is different in different countries There is a relevant methodology of the World Bank It is estimated by using the number of households, people whose incomes are 50 percent above the minimum wage

This year’s minimum wage is, if I remember correctly, 11,280 rubles, right? While the average wage is far higher There are a lot of such people, well above 70 percent Then our middle class should not be called "middle" but rather "the mediocre class" You know, we have to proceed from the realities Within one's means

Not within one's means but using the methodology of the World Bank ”Within one's means“ is a very unclear formula The World Bank's method suggests that each country has its own middle class So do we Our task is just to make this middle class stronger

To boost incomes and strengthen the middle class Like in France and Germany… And raise incomes Vladimir Vladimirovich

We wouldn't want to see a situation like in France We wouldn’t? Just look at what is happening there Is there anything good about it? Protests rage on there non-stop

Right? Whole branches of the economy are stalled The unrest has left 11 people dead Many were injured Lost their eyes to rubber bullets What’s so good about this? Is this what you wish? I do not think so

Well, the people in France took to the streets Yes Macron made one move forward and one move back Then, he backtracked Is this really a good thing? I don’t know For the French people it probably is

I don’t think so Firstly, nothing has fundamentally changed In the context of the reform, the most critical issue, as I see it, was the one related to early retirement and basically equal treatment for all From an economic standpoint, this is actually reasonable Pragmatically speaking, President Macron is doing the right thing overall

From a practical standpoint, we did the wrong thing thing because we left practically everything in place [We] kept almost all the entitlements, and all privileged categories We still have early retirement, while in France its [dissolution] is precisely the reason for the discontent Early retirement has remained for the military and for law enforcement agencies… Where? Here in Russia Not only for them

It’s been kept for coal miners, for instance, and for other categories It is still in place for teachers We have many groups eligible for entitlements Moreover, for mothers of large families the retirement age is 50 We need to fulfil a very important task – raising people's real income

We should think about the best use of the available resources which are large enough Our National Welfare Fund has exceeded 7 percent of the GDP – to be more precise it is 73 percent Next summer, in July, as far as I remember, funds are expected to be credited to our accounts and we are getting to the point when we will begin to spend these reserve funds more intensively We agreed on this earlier

We made a decision to do it when this reserve fund, and we have only one reserve fund left, the National Wealth Fund, exceeded 7 percent The question is what should we spend the money on? On investments, on support for certain groups of the population, and so forth This is what our discussion is revolving around nowadays

Source: Youtube

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