Taxing the rich is increasingly a social imperative

In the myriad coves and harbours of the Mediterranean coastline in the less salubrious part of southern France (from where this column is being drafted, the area around Perpignan down to the Spanish border), there are many thousands of expensive boat

3rd September, 2011
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In the myriad coves and harbours of the Mediterranean coastline in the less salubrious part of southern France (from where this column is being drafted, the area around Perpignan down to the Spanish border), there are many thousands of expensive boats moored, reflecting the massive wealth of the French elite, a wealth no doubt diminished by the financial crisis but still enormously substantial.

Coincidentally, a report showed that half of the French population live on...

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