'Excessive Wealth' French Candidate Calls for Top Tax of 75 Percent

If the Socialist Party's candidate wins the current presidential election in France, the country's highest earners may be faced with massive new taxes. Francois Hollande says he wants to introduce a wealth tax of 75 percent on income of over 1 million euros per year.
French presidential candidate Francois Hollande's Socialists are currently leading in the polls.

French presidential candidate Francois Hollande's Socialists are currently leading in the polls.

Foto: POOL/ REUTERS