One clear takeaway from the Democratic Convention: President Obama and the Democrats really want to raise taxes on high-income earners. And while Republicans have repeatedly refused to go along with the president’s proposed tax hikes, a solid Obama re-election victory might shake that determination. Now France could be providing a preview of what might happen…

Unemployment seems stuck around 8.2 percent, but black unemployment jumped from 13.6 percent in May to 14.4 percent in June, while Hispanics are at 11 percent and teens are at nearly 25 percent. In addition, economists predict that poverty rates—the result of long-term unemployment—will rise from 15.1 percent in 2010 to as high as 15.7…