France to tax the rich

France's new left-wing coalition, the New Popular Front (NPF), plans to introduce a 90 per cent tax rate on the wealthy after winning the most seats in a recent election, surpassing Macron's party and Le Pen's National Rally. Despite not securing a majority, the NPF is poised for a power struggle with Macron. The coalition, comprising various left-wing groups, aims to lower the retirement age, increase minimum wage, and boost spending. Macron's Prime Minister resigned but was asked to stay in a caretaker role amidst tensions. The NPF's victory signals a significant shift in French politics, setting the stage for potential conflicts with the current administration.