France's highest rate was 75%, but that supertax was dropped last year after it was discovered the rate caused more problems than it solved. Notably and relevantly: high earners were abandoning the country. Also, that rate was achieved at €1 million in income, not $200,000 like the top federal tax bracket in Canada. Near as I can tell, the highest federal tax bracket in France is now 45%, on income over about €152,000.
Not saying your argument is wrong, Cliff. But you are presenting a simplistic view, and in one case, over a year out of date.
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