U.S. should watch French experiment
Attention occupiers and people who claim the wealthy don't pay their fair share. The prime minister of France, Jean-Marc Ayrault, agrees with you. France plans to impose a 75 percent tax rate on earnings over one million euros and a 45 percent tax rate on earnings above 150,000 euros. (A euro is worth about $1.25 U.S.)
Businesses were also hit with measures, including the amount of loan interest that is tax-deductible and cutting existing tax breaks on capital gains. We will now see how France's economy responds and how many jobs are created. It's a perfect model on where this country is headed. Just remember, we still will have a wealthy class, it will just be the ruling class.