Battre en retraite: French looking for an alternative to 75% tax on millionaires

Hopefully, France has learned a valuable lesson. The rich don't have to live in France...

Via FT:

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France’s Socialist government is considering replacing its stricken 75 per cent top income tax rate on earnings above €1m, with a 65-66 per cent rate on households earning more than €2m.
The proposed new rate is working its way through the National Assembly as part of budget measures aimed at redressing France’s growing public deficit.

But it has come under fire from Christian Eckert, the Socialist head of the assembly’s budget committee, who said it did not fulfil President François Hollande’s emblematic manifesto promise.