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”.
Not even rich politicians, the proposed threshold in first proposal was 200 millions of net worth, where you would pay less than 2% of your net worth in tax thanks to multiple loopholes.
Definitely richer than average politicians