- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
cross-posted from: https://lemmy.world/post/36272492
Europe’s richest man, the luxury goods magnate Bernard Arnault, has said that a wealth tax that could cost him more than €1bn (£817m) would be deadly for France’s economy.
The French founder of LVMH Moët Hennessy Louis Vuitton said in a statement to the Sunday Times that calls for a 2% wealth tax on all assets “aims to destroy the liberal economy, the only one that works for the good of all”.
The idea of a wealth tax has steadily gained ground in France because of a political crisis, with the government trying to push through unpopular budget cuts. The idea of a 2% wealth tax on fortunes worth more than €100m has been proposed by Gabriel Zucman, an economics professor who has become a household name in France.
You must log in or # to comment.
“In a statement to the Sunday Times”. A newspaper that was never going to be read by people without significant means.
Not taxing the rich would be deadly to the rest of the humanity
“Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.”
My guess: poverty exists to satisfy the rich. They feel happy when someone else suffers.
That’s why you don’t ask those people about these topics.
Richest man
French economy
I feel like for balance they should also talk to Europe’s poorest man.
For financial balance, they would need to talk to Europe’s poorest 20 million men.
“aims to destroy the liberal economy, the only one that works for the good of all”.
Lmao. Seriously dude?
Yeah. And he really means it the way every European would read it anyhow: Economic Liberalism, a.k.a. Unfettered Capitalism
Arnault’s net worth stood at $169bn (£125bn) on Friday, mainly because of his 48% stake in LVMH Moët Hennessy Louis Vuitton, according to Bloomberg. After joining his family company and turning it from construction to property, Arnault grew his fortune by buying up brands ranging from the jewellers Bulgari and Tiffany & Co, the fashion houses Christian Dior and Celine, to perfumes and whiskey brand Glenmorangie.
(…)
The wealth tax could raise as much as €20bn, according to Zucman. However, other economists have argued that it would raise only €5bn if the ultra-wealthy leave France.
Deadly for who?
a wealth tax that could cost him more than €1bn would be deadly for France’s economy.
megalomania
Every time they whinge about leaving if they get taxed and they actually do get taxed, they stay. Because it’s hard to move your fortune off of the source.
…Good?
I’m sure he is saying that from a completely objective position and has no personal stake in it whatsoever.
We don’t need them or their ill gotten gains.
“We’d all die! Die, I tell you!”
I wonder if he thinks a wealth tax or a guillotine would be deadlier
