Arnault vs. France: Billionaire Tax Battle
Update: 2025-09-22
Description
France's Richest Man vs. the Wealth Tax: LVMH's Bernard Arnault slams a new proposal to tax fortunes over $117.5 million, calling it a threat to the French economy. Economist Gabriel Zucman defends his plan, projecting billions in revenue to combat national debt, while Arnault accuses him of political activism. Is this a fair solution or a wealth exodus waiting to happen? The battle lines are drawn in a debate dividing French politics.
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