Gabriel Zucman: "The new Prime Minister will have to tackle the proposed tax on the ultra-rich"

Economist Gabriel Zucman is behind the proposed 2% tax on assets worth over €100 million. This new tax will be at the heart of upcoming discussions between Sébastien Lecornu and the Socialists, whose support the new Prime Minister is seeking. In an interview with Le Monde , The researcher rejects objections to his minimum tax.

Politically, the position of ignoring the minimum tax while trying to curry favor with the Socialists is no longer viable. The new Prime Minister will therefore have to address the issue. Unless he decides to govern completely right-wing, in a coalition ranging from Ensemble [Together for the Republic, the Macronist group in the National Assembly] to the RN [National Rally] . In the long term, I am optimistic for a very simple reason: the tax is popular with all electorates. Everyone has now understood the problem. Billionaires, including all compulsory deductions, pay half as much tax as the average French person. Because their income, held in holding companies, escapes income tax.

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