A left-wing bloc made up of the Socialist, Communist, Green parties and the hard-left France Unbowed had proposed a minimum 2 per cent tax on wealth over €100 million (S$150 million), dubbed the “Zucman tax” after the French economist who devised it.
Mr Lecornu expressed his “profound disagreement” with the wealth-tax proposal, insisting there was no such thing as a “miracle tax”.
That proposal is already pretty watered down, especially in the latest proposition. I don’t care that your net worth is made of company stock and not in cash. We, commoners, pay way more than 2% of our net worth in tax, why such a low tax rate is not acceptable for the super rich?