Who: French presidential candidate Jean-Luc Melenchon. What: He is calling for a 100 percent tax rate on all annual income over 1 million euros.
Why it’s dim: Let us count the way! But at the very least, this is a great way to get rich people to change their residency to other countries. Spain is beautiful this time of year, and its government could use a few additional high-income taxpayers.
Cure: A bit of economic common sense among politicians.
