1. share the wealth

    France OKs 75% Tax on Rich

    BERLIN, GERMANY - DECEMBER 05:  Francois Hollande, French presidential candidate of the French Socialist Party (Parti Socialiste, PS) speaks on the second day of the annual federal congress of the German Social Democrats (SPD) on December 5, 2011 in Berlin, Germany. The SPD is Germany's biggest opposition party and has seen its popularity rise in the last year as the current German government coalition of Christian Democrats and Free Democrats has faced political stumbling blocks.  (Photo by Sean Gallup/Getty Images)

    Sean Gallup

    Sacrebleu! The top French court has ruled that companies must shell out a 75 percent tax on salaries that exceed one million euros. In alignment with his campaign promises, President Francois Hollande has sought soften the country's economic struggles by limiting executive pay, in the hopes of lowering public deficit from 4.1 percent of the GDP to 3.6 percent. An earlier attempt at the tax had been thrown out, but this approved version focuses on making companies pay.

    Read it at AFP