If this proposed tax rate is approved, it would put France on top for having the highest individual income tax margin, surpassing Sweden, Japan and Britain, all with tax margins of 50% or more.
How does this affect global investors and hard-working Americans? I believe that when governments pursue overly stringent policies that discourage profitability and innovation, wealth leaves. And with the money goes the capital to create jobs and improve conditions for all. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.