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.
Imagine a list of (French) people whose opinions on wealth taxes should be summarily ignored.
Guess where this guy is on that list.
Take off his head, he’s clearly not using it right
Please, exclaim once more that you are in the Epstein files…
The French founder of LVMH Moët Hennessy Louis Vuitton
The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).
Buying companies is the same as inventing things to rich people.
the only one that works for the good of all
Sure would love to see where my billions are. I really hope this cancer on society actually pays something back to the people that made his comfortable life possible.
He’s probably using his funds for
financing fascistspromoting the betterment of society!
Perhaps he needs to read up on the history of France, namely the late 18th century.
