Arnault Says French Wealth Tax Advocate Seeks to Destroy Economy

Bernard Arnault has waded into an ongoing debate on tips on how to restore France’s funds, calling an economist who has advocated a wealth tax a far-left activist whose ideology will destroy the nation’s financial system.

The concepts of Gabriel Zucman, an economist who’s been generating headlinesBloomberg Terminal for his protection of a levy of two% on fortunes above €100 million ($117 million), danger destroying the French financial system, the billionaire founder and chief government officer of luxurious conglomerate LVMH advised the Sunday Occasions.