Bernard Arnault criticizes France's proposed 2% wealth tax on assets over €100M

Bernard Arnault, the owner of LVMH and Europe"s richest man with a fortune of $169 billion, has publicly criticized France"s proposed 2% wealth tax on assets exceeding €100 million. Arnault warned that the tax could be "deadly for France"s economy" and poses a threat to "destroy the liberal economy."

This statement comes amid ongoing discussions about the impact of wealth taxation in France. Arnault"s comments highlight concerns among wealthy individuals regarding potential economic repercussions of such fiscal policies.

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Arnault"s remarks have sparked debate among policymakers and economists about the balance between taxation and economic growth in France.