France has approved a "temporary" 75 percent tax rate for earnings
over one million euros ($1.3 million) as part of a 2013 budget.
In addition, the tax rate will climb to 45 percent for revenues at 150,000 euros mark.
Expect L'Exodus.
Before the hike President Francois Hollande's approval ratings were
in free-fall as many French feel he has been slow to get to deal with
the economic slow-down and unemployment, which is at a 10-year high and
rising. As if this character actually new enough French in the first
place to understand the theory behind laissez-faire. The man is going to
destroy France with his central planning on steroids mentality.
France taxes rich and business to slash deficit - 1450 WHTC Holland's Hometown Station
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