Olivier Babeau: "Zucman Tax" and Redistribution

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The left thought it had found its budgetary magic wand: an annual tax of 2% on assets over EUR 100 million, supposed to raise 25 billion. Baptised as Zucman's tax, by the name of the economist who proposed it, this idea, adopted at first reading at the Assembly on the initiative of the ecologists, immediately aroused an outcry. And for reason: it combines almost all the defects that a bad tax policy can have.Failed to be able to impose an income…

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The debate on the taxation of the largest assets has been relaunched by the proposal of the economist Gabriel Zucman to introduce a new tax, levied on people with assets exceeding 100 million euros (which represents 1,800 taxpayers), for whom