France's proposed Zucman wealth tax would devastate the economy by forcing business owners to liquidate assets, creating effective tax rates exceeding 100% of income. This destructive policy threatens to drive away job creators and hand French companies to foreign buyers. The tax would accelerate France's economic decline when the country desperately needs fiscal sanity.
France's new wealth tax smartly targets unproductive assets like yachts and art while protecting productive investments and family homes. The modest reform broadens the tax base to include financial assets that billionaires use to dodge taxes. This fair approach generates billions in revenue while encouraging productive economic activity.
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