Bernard Arnault has waded into an ongoing debate on how to restore France’s finances, calling an economist who has advocated a wealth tax a far-left activist whose ideology will destroy the country’s economy.
The ideas of Gabriel Zucman, an economist who’s been generating headlines for his defense of a levy of 2% on fortunes above €100 million ($117 million), risk destroying the French economy, the billionaire founder and chief executive officer of luxury conglomerate LVMH told the Sunday Times.
Zucman is “first and foremost a far-left activist,” Arnault told the newspaper. “He uses his pseudo-academic expertise — which ...
