france

World
4:49 am
Sat July 14, 2012

Vive La France ... And Its High Taxes On The Wealthy

A French military brass band parades on the Champs-Elysee during a rehearsal as part of the Bastille Day celebrations, which take place Saturday.
Loic Venance AFP/Getty Images

Originally published on Mon July 16, 2012 3:54 pm

As the French people celebrate their revolution on Saturday, Bastille Day, the founding principles — liberte, egalite and fraternite — seem to be alive and well.

New President Francois Hollande embraced equality on the campaign trail this spring. To reduce the French deficit, he proposed raising taxes on large corporations and the super-rich. The move helped his campaign take off, says Gerald Andrieu, a political journalist with Marianne magazine.

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