Tax the rich or fall: French PM Sebastien Lecornu faces budget ultimatum
Published on: Sept. 18, 2025, 11:57 a.m. | Source: The Economic Times
French Prime Minister Sebastien Lecornu faces a critical juncture as Socialists demand a 2% wealth tax on the nation's wealthiest in exchange for budget support. Economist Gabriel Zucman champions the tax, aiming to address wealth inequality, while critics fear capital flight and harm to start-ups. The proposal sparks debate over fairness, economic impact, and potential constitutional challenges.
