“I don’t like rich people,” François Hollande famously declared on a French television show a few years ago. When campaigning for the presidency last year, he declared war on the “world of finance”, and promised a top income-tax rate of 75% on the rich. Now his anti-rich people rhetoric seems to be backfiring: seven of his government ministers, as well as his prime minister, are millionaires. This was revealed after tough new disclosure rules obliged the entire cabinet (see picture above) to publish their assets online by April 15th.
