Tax on rich...
France's economy is slowing and forecasts of activity have been revised downwards from 2.25% to 1.75% in 2012
Financial markets have already questioned France's AAA credit rating and the austerity package aims to cut the deficit by 12 billion euros over two years, to 4.5% of GDP
A 2% tax increase on those earning more than 500,000 euros per year follows a call by some of the wealthiest people in France for the government to tackle the deficit by raising taxes on the rich.
Now that is a real good idea and should be done in NZ too!
Acknowledgements:@ Radio NZ 2011,