The historic Tax Reform Act of 1986 that Republican icon Ronald Reagan pushed through had a top tax rate for long term gains and for dividends of 28%, the same rate as for ordinary wage income.

FORBES: If Newt Had His Way, Mitt Would Pay Closer To 0% Tax

But delivering the jobs and wage rises that ordinary Peruvians clamour for requires both faster growth and structural reforms.

ECONOMIST: A restored democracy struggles to find its feet

We would finally level the playing field between founders and investors (who escape all tax on their unrealized appreciation) and wage earners (who are subject to current tax at ordinary income rates on all of their economic income, except what little they can put into tax-deferred retirement plans).

FORBES: Guest Post: Mark to Market Taxation

He must persuade ordinary Greeks, battered by austerity, to accept cuts to the minimum wage, pensions and spending, as well as a programme of structural reform that has no parallel in modern Greek history.

ECONOMIST: The euro