High taxes on the affluent threaten Frances prosperity.
Facing growing budget deficits and an aging population, the French government recently announced a plan to finance its citizens golden years: the retirement age will rise from 60 to 62 by 2018, and taxes on high incomes and investment interest will go up. While raising the retirement age makes sense, burdening the rich with additional taxes does not. In fact, doing so will threaten Frances long-term prosperity. . . .
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