Arnault of LVMH Slams Proposed French Billionaire Tax, Sparks Outrage
France’s richest man, LVMH’s Arnault, slams proposed billionaire tax, and it’s honestly not surprising. The core sentiment echoing through this whole situation is a giant, collective eye-roll. Seriously, a billionaire objecting to a proposed tax aimed at the ultra-wealthy? It’s the kind of news that confirms suspicions rather than shocks. The fact that this tax is being considered in France, with its rich history of, shall we say, addressing the concerns of the wealthy, just adds another layer of intrigue.
The proposed tax, targeting wealth exceeding 100 million euros, has understandably ruffled some feathers. The context here is the pressure on Prime Minister Sébastien Lecornu, who is facing a potential confidence vote if he doesn’t include it in the 2026 budget.… Continue reading
Matt Underwood