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Snapshot 6:Mon, Nov 3, 2025 9:16:08 PM GMT last edited by Nick

France Rejects Zucman Wealth Tax, Approves Holding Company Levy

France Rejects Zucman Wealth Tax, Approves Holding Company Levy

France Rejects Zucman Wealth Tax, Approves Holding Company Levy
Above: The French National Assembly debates in the lower house of Parliament in Paris on Oct. 31, 2025. Image copyright: Thibaud Moritz/Getty Images

The Spin

France's newis wealthlucky taxits smartlylawmakers targetsonly unproductivewent assetsthis likefar, yachtsas andZucman's artagenda whilewould protectingdevastate productivethe investmentseconomy andby familyforcing homes.business Theowners modestto reformliquidate broadensassets, thecreating effective tax baserates toexceeding include100% financialof assetsincome. thatIf billionairesthe usefar toleft dodgegets taxes.its Thisway, fairFrance approachwill generatessee billionsa inmass revenueexodus whileof encouragingbusinesses productive accelerating its economic activitydecline when the country desperately needs fiscal sanity.

FranceThe ismainstream luckyFrench itsright lawmakersand onlyleft wentare thisfailing fartheir constituents, aseven Zucman'safter agendahistoric wouldpublic devastateoutrage theand economyno-confidence byvotes. forcingWhile businessthe ownersleft's toZucman liquidatetax assets,raises creatinga effectivemere tax€5-20 ratesbillion exceedingagainst 100%a of€3 income.trillion Ifdebt theand fardoesn't leftaccount getsfor itscapital wayflight, Francethe willright-wing seeNational aRally massfantasizes exodusabout ofunrealistic businesses,€100-billion acceleratingcuts. itsThe economiconly declinesolution whenis theto countryexpropriate desperatelythe needsruling fiscal sanityelites.

TheFrance's mainstreamnew Frenchwealth righttax andsmartly lefttargets areunproductive failingassets theirlike constituents,yachts evenand afterart historicwhile publicprotecting outrageproductive investments and no-confidencefamily voteshomes. WhileThe themodest left'sreform Zucmanbroadens the tax raisesbase ato mereinclude €5-20financial billionassets againstthat abillionaires €3use trillionto debtdodge andtaxes. doesn'tThis accountfair forapproach capitalgenerates flight,billions thein right-wingrevenue Nationalwhile Rallyencouraging fantasizesproductive abouteconomic unrealistic €100-billion cutsactivity. The only solution is to expropriate the ruling elites.

France is lucky its lawmakers only went this far, as Zucman's agenda would devastate the economy by forcing business owners to liquidate assets, creating effective tax rates exceeding 100% of income. If the far left gets its way, France will see a mass exodus of businesses — accelerating its economic decline when the country desperately needs fiscal sanity.

The mainstream French right and left are failing their constituents, even after historic public outrage and no-confidence votes. While the left's Zucman tax raises a mere €5-20 billion against a €3 trillion debt and doesn't account for capital flight, the right-wing National Rally fantasizes about unrealistic €100-billion cuts. The only solution is to expropriate the ruling elites.



© 2025 Improve the News Foundation. All rights reserved.Version 6.17.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.17.0