LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’

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.

  • Paragone@lemmy.worldEnglish
    2·
    1 day ago

    and in other “news”, men who had exclusive-of-all-non-men rights, have asserted that allowing women to have civil-rights, would be bad, too…

    and white-supremacists have asserted that allowing non-whites any validity would be bad, too…

    Duh!

    Rigged-privilege protects itself, using all ideological disinformation it can!

    it always has, it always will.

    But why would this be deadly for the overall, if it removes feudalism/oligarchism’s validity/economic-might/rights-are-exclusive-of-the-regular-citizenry paradigm?

    Gaslighters need to be controlled/limited, not platformed/boosted/validated.

    Read the important “Screwed” by Thom Hartmann, for REAL and ACTUALLY EVIDENCE-BASED economics…

    Here’s a not-affiliate link to the actual book, so hopefully you can read a sample & begin understanding why I’m recommending it.

    https://www.kobo.com/us/en/ebook/screwed-47

    I’d tried understanding economics for decades and something was “off” about everything the textbooks were pushing, which got clarified in Hartmann’s book, right up front.

    Economic-strength is citizenry based, and NOT mere-wealth/stocks based!!

    Duh!, right?

    But until Hartmann’s book, I’d not seen the correct framing for economic-strength, in ANY book on economics!

    Sad, and true.

    Get clear understanding: it de-stresses one’s view, & therefore one’s whole mode of living, to good extent!

    _ /\ _