Mon Dieu! Has France to the Dark Side?

Investment Analysis Clubs Macro Economic Trends and Risks
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percent minimum tax on assets exceeding €10 million – excluding some family-controlled and “innovative” businesses. The lower house approved a new tax on assets held in holding companies to reduce an individual’s tax bill.

Zucman argues that his tax, which is hugely popular in public polls, would ensure the ultra-rich pay at least as much, proportionally, as average earners.

My Gawd why should such a thing occur?!
It is from their benevolence that wealth trickles down from their control of the levers of government power and business and the economy

The prime minister was forced to suspend plans for a deeply unpopular pension reform until after the 2027 presidential election to secure Socialist support for his government, which narrowly survived no-confidence votes earlier this month.

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I’m surprised it’s popular with the regular folks. Don’t they have sympathy for the billionaires? Think of how hard it is to keep stacking up all those hundred dollar bills and gold bars and expensive watches.

Have they no feelings?

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That’s the least of the endless travail. Far far more trying and difficult managing “the staff” and finding a few brief moments in which to escape all their whining….

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In Switzerland the left is driving a referendum to tax inheritances above 50m with 50%. I expect it to fail though - unsurprisingly, the opponents are out in full force, their campaign budgets dwarfing those of the supporters…

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