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New French President Pledges To Tax Rich 75 Percent

The President-elect of France, Francois Hollande, wants the richest people there to pay a marginal tax rate of 75 percent on incomes above 1 million Euros. That would be a huge jump from the top rate now, which is 41 percent. Melissa Block talks to Sophie Pedder about the new tax rate — she's the Paris bureau chief for the Economist.