Bernard Arnault vehemently denies wealth tax proposal, calling it an ideological extremism

Bernard Arnault has criticised economist Gabriel Zuchman, who has proposed a 2% wealth tax on those with assets exceeding €100 million, calling it an extremist idea that would undermine the free economy.

On September 21, 2568, at 03.04:XNUMX a.m., Bloomberg News reported that Bernard Arnault, French billionaire and CEO of LVMH GroupIt has come out in force against economist Gabriel Zuchman's proposal for a 2% wealth tax on those with assets exceeding €100 million. Considering that this proposal is an idea of “Far-left activists” That would damage the French economy.

ArnoldIt states that Sukhman used “Controversial academic expertise” Come serve the ideology that wants to destroy the free economic system and emphasize that He is the country's largest individual and business taxpayer through his LVMH group, and according to the Bloomberg Billionaires Index, he has a fortune of $169,000 billion, making him the richest person in Europe.

The interview comes at a time when France is facing fiscal pressure. As the government has been unable to pass a budget and address its deficit, Socialist lawmakers, who play a decisive role in the parliament without a majority, are pushing for a wealth tax, believing it could raise around €15,000 billion a year in public revenue.

Read news related to All situations around the world can be found here.