75% Tax Rate

http://www.bbc.co.uk/news/world-europe-19754016

Well, it's gone through. Hollande's vision of a socialist utopia where profit is severely punished. Luckily I'm not in France, so I'm in a position to watch it all go to shit and see Rand proven complete right with a modern day example.

-A new 75% tax on the richest earning more than 1m euros
-A 45% income tax rate on incomes over 150,000 euros a year
-A freeze in government spending, excluding debt repayments and pensions
-The elimination of a ceiling on "l'impot de solidarite sur la fortune", or wealth taxes, so that assets of more than 1.3m euros will be taxed at 1.5%
-The reduction of tax exemptions for loan payments by large corporations
-Capital gains and dividends will now be subject to the income tax regime

Reagan summed up the benefits thusly:

Back in the days of a strong US economy, there was a 90% tax on earnings over $100,000.  Reagan carefully kept an eye on his earnings and when they got close to the 100k mark, he'd take he rest of the year off and play golf. 

Since Ronnie had stopped working, that meant other actors took those roles and made money o buy things and pay taxes and so on -- which benefitted the economy and all Americans. 

So, it's a win-win scenario for all of us.