French President Has Lots Of Problems

This article (via Manan Shukla) describes the problems faced by France's president.  He announced a 75% tax on wages over one million euros on firms.  He lost face when his 75% tax on individual incomes over one million euros was declared unconstitutional.  The new tax is intended to win back his base which has not been pleased with the pro-business policies that he has adopted to encourage business investment.  He is caught in difficult situation.  The economy is not growing and unemployment is high.  Government debt in relation to GDP has been rising.  The actions that he takes to deal with slow growth and government debt displease his base,  and his tax policies anger the wealthy.  Its no wonder his popularity has been falling.  To make matters worse his private life is under attack.