A left-wing bloc made up of the Socialist, Communist, Green parties and the hard-left France Unbowed had proposed a minimum 2 per cent tax on wealth over €100 million (S$150 million), dubbed the “Zucman tax” after the French economist who devised it.
Mr Lecornu expressed his “profound disagreement” with the wealth-tax proposal, insisting there was no such thing as a “miracle tax”.
It should, but the point I think you’re missing is that, even in this VERY light version purposefully calculated so that those ultra rich households still increase in wealth with the tax, just a little slower, it was heavily criticized in virtually every media, and still was not voted by the lawmakers. Something more drastic than this as you and a lot suggest would not even have a chance at being discussed on…