Warren Buffett got the ball rolling in this country with his NYTimes op-ed piece calling for higher taxes on the super-rich—really, going back to brackets that existed not long ago. And now bbc.com is reporting that some ultra-wealthy citizens of France are calling on their government to tax them more to help balance the national finances. Are these altruistic gestures or do the gazillionaires know they would lose a lot more if the economy tanks to the max? I want to believe they have come to their senses about what’s smart and fair. Read the article here.
Liliane Bettencourt of France, the wealthiest woman in Europe (web photo courtesy of bbc.com)