In a major turnaround, French President Nicolas Sarkozy and his indebted government are abandoning a tax ceiling for big earners he once hailed as key to modernizing France and luring investors.On an unrelated note, Atlas Shrugged Part 1 is coming out soon.
It only affected a small percentage of taxpayers -- 234,000 at the time it was passed -- but was seen as symbolic of Sarkozy's efforts to lure rich taxpayers back to French soil away from tax havens.
French rock legend Johnny Hallyday, a friend of Sarkozy's, disappointed fans when he moved to Switzerland in 2006 to escape high taxes.(link)
Sarkozy should make sure there's a showing in Paris.