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”.
To define what is fair, we have to define what fair is. Is fair equality, or equity?
In my opinion it’s equity. So while you might say “if everybody pays 2%, that’s fair!” I’d argue that if you have 100.000€ you should pay a far smaller percentage in taxes, than somebody having 100.000.000€. Because we consider that the basic needs for everybody will be around the same amount, that means that if the poor pay the same percentage of taxes as the rich, they will have enough to cover the basic needs (in the best case), but their ability to afford luxury will be reduced.
At the same time, if you tax the poor 1% while taxing the rich 60%, the poor will have a far better life, while the rich will probably not even feel the difference, beside some numbers going down in a banking app.