France's National Assembly rejects proposals for taxing the ultra-wealthy
NegativeWorld Affairs
France's National Assembly recently turned down two significant proposals aimed at taxing the ultra-wealthy, which has sparked disappointment among advocates for economic equality. The rejected ideas included a 2 percent tax on assets exceeding €100 million proposed by economist Gabriel Zucman and a 3 percent tax on assets over €10 million from the Socialist Party. This decision is crucial as it reflects the ongoing struggle to address wealth inequality in France, raising questions about the government's commitment to fair taxation.
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