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The class struggle: a blazing comeback!

The new class struggle affects many countries in the world. It spreads from the US to India and has a serious impact on public policies in Europe. Even in Switzerland people protest against the high remuneration of top executives and managers. In brief, some want to fight excessive taxes and an inappropriate social welfare, others an unequal share of wealth. Now despite the crisis the wealthy still gain weight. The population of high net worth individuals-1 million$ main residence not included-shows a continuous increase and is up to more than 11 million in the world. The last figures we have,and if we focus on two main european countries, are significant. About 900.000 millionaires-compared to a population of 82 million-in Germany and about 380.000-compared to a population of 65 million-in France. Nobody would care about these figures in a growing economy,but the world economy is shrinking. Recently in India the Industry Chambers opposed any proposal to impose higher taxes on rich,claiming that it would be "counter-productive" and encourage in particular tax evasion. No doubt that the class struggle has a bright future throughout the world!

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