Gabriel Zucman is in the news for his tax ideas sparking protests in France, where LVMH CEO Arnault calls his wealth tax plan “far-left.”
French economist Gabriel Zucman proposed a 2% wealth tax on assets over €100m, aiming to address wealth inequality. LVMH's Bernard Arnault strongly opposes the plan, claiming it threatens the French economy. The debate has intensified amid political pressure and protests over budget cuts.
France and Greece are experiencing large-scale protests over government plans to introduce longer working hours and austerity measures. France's nationwide strike involves thousands protesting budget cuts and social justice issues, while Greece's general strike opposes a proposed 13-hour workday and labor law reforms. Both countries face significant public unrest today.