Reported about 11 hours ago
Bernard Arnault, the CEO of luxury giant LVMH and France’s wealthiest individual, has condemned a proposed 2% tax on billionaires as detrimental to the French economy, labeling its creator, economist Gabriel Zucman, as a far-left activist. The tax, targeting wealth over 100 million euros, has garnered political support and public approval, but Arnault asserts it threatens the nation's liberal economic system.
Source: YAHOO