What is it with the Socialist, Progressive mindset? Why do they think that all production value (earnings) belong to the state? Seriously. If income belongs to the state, then what about the production value (productivity) that creates the income? If you follow this to the natural end…. Hollande wants to own people

Washington Times – A court may have shot down French President Francois Hollande’s attempt to stick the wealthy with a 75 percent tax on earnings above a certain amount. But he’s not giving up. Mr. Hollande’s new plan: Stick the 75 percent tax on businesses.

Companies — not individuals — would have to pay the high tax on any salaries that are paid over a million euros, under Mr. Hollande’s latest proposal, Newsmax reports.

“I am sticking by my pledge,” Mr. Holland said, as quoted in Newsmax.

The Socialist leader is trying to reignite a sluggish economy — as he promised during his campaign — but is facing dwindling poll numbers and approval ratings. His recent attempt to tax wealthy at a 75 percent rate was denied in a constitutional court.  (read more)