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France’s richest man slams proposed billionaire tax

September 21, 2025 20:27 | News

Bernard Arnault, the boss of the richest man of France, attacked two taxes on billionaires as an attack on the French economy, and condemned the architect of the plan as the left.

The tax, which will target the wealth of over 100 million euros ($ A177 million), has gained political traction in France, where Prime Minister Sebastien Lecornu was facing a vote of confidence in the Socialist Party or to overthrow his government.

“This is not a technical or economic debate, it is a desire to destroy the French economy, Ar Arnault said, Sunday Times, England.

The Socialist Party pressure on French Prime Minister Sebastiien Lecornu to bring a reserve tax. (AP Photo)

The architect of the plan accused Gabriel Zucman of the economist of being a “fake academic competencies ına to encourage an ideology aimed at removing the liberal economic system of being“ fake academic competence ”.

Arnault said that the liberal economic system is the only one who works for the good of everyone ..

Zucman, a professor of France’s Ecole Normal Superire and California University Berkeley, rejected the charges.

X I haven’t been an activist for any movement or party, ”he said in X.

Zucman was among the 300 economists who openly support the economic platform of Populaire Alliance, the left -wing Nouveau front before the legislative elections of 2024.

Recently, in media views, ultra wealth claims to pay less taxes in proportion to many other citizens.

The tax has broad public support and a IFOP survey conducted by the Socialist Party in September showed 86 percent approval.


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