Economist Says It's Possible to Create an Effective, Easily Collected Tax to Address Debt

Economist Pierre-Cyrille Hautcœur wrote in a Le Monde column that it is possible to design a tax without perverse effects that is relatively easy to collect, as France's public debt becomes a major political issue.

Hautcœur noted that governments have previously implemented extraordinary levies on capital without damaging investment or savings, according to the column.