Do “Millionaires’ Taxes” Work?

I’ve been wondering about the impact of France’s “millionaires tax.” At first a 75% tax on individual incomes above €1 million ($1.37 million), the proposal had to be tweaked when France’s Constitutional Council said it was unfair. Returning to the…

Homework? It’s About the Economy…

Why would France want to ban homework? President Hollande has said that less homework means more equality. At home, income makes a difference. Higher income families have children with higher test scores and more help with homework. They have their…

Some Greek Math

With a euro zone update on Greece unfolding (they might lease some islands but we’ll get to that in a moment), here is some Greek math that Michael Lewis presents in Boomerang. Referring to the deficit, during October 2009, the…