French Presidential Candidate Proposes 100 Percent Tax
Thursday, April 20, 2017
Jean-Luc Melenchon, the far-left candidate in France's presidential race,
is promising to impose a 100 percent tax on high incomes to promote more income
equality in France.
Melenchon recently staged a series of successful rallies after announcing a
manifesto that included a 100 percent tax on annual incomes exceeding EUR400,000
In choosing this particular threshold, Melenchon hopes to achieve one of his
main objectives, which is to restrict executive pay to no more than 20 times
the average French wage.
Melenchon is also proposing protectionist trade measures and a renegotiation
of France's membership of the European Union, followed by a referendum on EU
membership if a satisfactory outcome cannot be achieved.
Melenchon has experienced a surge in popularity in recent days and is now
thought to be level in polls with the main conservative candidate, Francois Fillon.
The frontrunners are centrist Emmanuel Macron and far-right candidate Marine Le
The first round of voting is due to be staged on April 23.