I don't know if you've been following this, but French President François Hollande gave a big speech last night. In it he discussed France's urgent need to raise €30 billion by next year. (You get the feeling this was a surprise to him.) His plan is for two-thirds of it to come from tax hikes, mostly on the rich, including a rate of 75% on incomes above a million euros a year, with "no exception" for artists or athletes. Turns out that makes France suddenly very unpopular with the rich. Not coincidentally, France's richest man was reported this weekend to have acquired Belgian nationality. This morning, we all woke up to see this headline in Paris newspaper Libération.