The article “Tax the Rich, French Protesters Cry, as the Wealthy Push Back on Paying More” covers the growing debate in France over a proposed wealth tax. Economist Gabriel Zucman has suggested a 2% levy on assets above €100 million, which supporters say could raise billions and address inequality. Protesters across France are demanding “fiscal justice,” while critics, including business leaders, argue the tax would hurt investment and push the wealthy to leave. The issue is especially heated because France faces a major budget crisis after years of tax cuts under President Macron that reduced government revenue.
The proposal has become both an economic and political flashpoint. Left-leaning parties see it as a solution to finance shortfalls without cutting social programs, while conservatives and business groups warn of serious downsides. Similar debates are happening across Europe, where some countries have already increased wealth taxes. The central question is whether taxing the superrich can truly deliver fairness and stability, or if it risks economic fallout.
Do you think wealth taxes are a fair way to reduce deficits, or are they more likely to backfire on growth and investment?
