France: Communist Candidate Wants 100% Tax On the Rich

And there you have it. 

French candidate Jean-Luc Melenchon wants a 100% tax on the rich

Jean-Luc Melenchon, who has been endorsed by the French Communist Party, says he would introduce a 100% tax on income above €400,000 ($425,000). Why €400,000? That’s 20 times higher than France’s average wage. The top rate of income tax is currently 45%. Boosting that to 100% would effectively cap earnings at €400,000.

Against all odds, a leftist soars in French election polls

A specter is haunting Europe – the specter of Jean-Luc Mélenchon. In the latest plot twist in France’s highly contentious presidential election, Mélenchon – an outspoken 65-year-old leftist who often appears on the campaign trail via hologram and who has pitched his proposal to nationalize France’s biggest banks and renegotiate its relationship with the European Union via free Internet games and YouTube videos – is now soaring in the polls.

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