Europe’s richest man, the luxury goods magnate Bernard Arnault, has said that a wealth tax that could cost him more than €1bn (£817m) would be deadly for France’s economy.
The French founder of LVMH Moët Hennessy Louis Vuitton said in a statement to the Sunday Times that calls for a 2% wealth tax on all assets “aims to destroy the liberal economy, the only one that works for the good of all”.
The idea of a wealth tax has steadily gained ground in France because of a political crisis, with the government trying to push through unpopular budget cuts. The idea of a 2% wealth tax on fortunes worth more than €100m has been proposed by Gabriel Zucman, an economics professor who has become a household name in France.
Mouhahaha
Edit: tax the rich ffs
Billionaires should not exist. Tax wealth, not work.
Also this guy sounds like a right twat.
If the economy cannot survive without the exploitation of the masses then it should fucking die.
France has it pretty good compared to most of Africa, West Asia, and even Europe. I don’t think it’s at the level of an all-or-nothing gambit, although this is hardly that.
Ask them to explain. Make them say some really disconnected shit. And then tax them anyway.
Big Louis XIV vibes
If we taxed land instead of straight wealth, then it would be way harder to avoid by moving overseas.
