Arnault Criticizes Wealth Tax, Warns of Economic Damage
TL;DR Summary
Bernard Arnault, France's richest man and CEO of LVMH, strongly opposes a proposed 2% wealth tax on billionaires, criticizing it as harmful to France's economy and attacking its architect, economist Gabriel Zucman, as a far-left ideologue. The tax, targeting assets over 100 million euros, has significant public support and political momentum in France.
- France's richest man, LVMH's Arnault, slams proposed billionaire tax Reuters
- Wealth tax would be deadly for French economy, says Europe’s richest man The Guardian
- ‘Tax the Rich,’ French Protesters Cry, as the Wealthy Push Back on Paying More The New York Times
- France's Richest Man Riles Left With Attack On 'Pseudo-academic' Behind Tax Plan Barron's
- Arnault Says Wealth Tax Advocate Seeks to Destroy Economy Bloomberg.com
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