We must punish those who succeed….
The wealth tax tearing France apart
Calls for a raid on the ultra-wealthy are leaving the country increasingly unstable
Sébastien Lecornu may only be a few weeks into the job, but France’s new prime minister is already on the back foot.
Yet the thorn in his side is not a political rival but rather a charismatic economist whose Left-wing ideas are taking France by storm.
A fellow Parisian like Lecornu, Gabriel Zucman has dominated France’s political debate in recent weeks by proposing a radical 2pc wealth tax on individuals worth more than €100m (£87m).
Momentum behind the policy, branded the “Zucman tax”, has reached such a point that it threatens to topple Lecornu’s government before it gets going.
However, the prime minister isn’t going down without a fight.
Lecornu last week conceded that French voters had “a political and societal demand for greater tax justice”. But he insisted that Zucman’s wealth tax was not the answer.
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We must punish those who succeed…....[more]