Income

France Plans Limits on Private-Sector Salaries

Wouldn't it be easier to just exile productive people?

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France's Socialist government is to table a bill to cap the salaries of top bosses in the private sector, in the latest high-profile move to punish the rich.

France passed a decree last year limiting the pay of the heads of state-run firms to 450,000 euros annually, following a scale whereby a state boss should not earn more than 20 times that of his lowest-paid worker.

Michel Sapin, the abour minister, said: "We will table a bill on the salaries of high earners (in the private sector)."

Government spokesman Najat Vallaud-Belkacem added that the law would be ready "before the summer".