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Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 8 days ago

Wealth tax would be deadly for French economy, says Europe’s richest man

www.theguardian.com

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Wealth tax would be deadly for French economy, says Europe’s richest man

www.theguardian.com

Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 8 days ago
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LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’
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  • Tigeroovy@lemmy.ca
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    7 days ago

    Hey y’know what other famously French thing will be deadly for rich people if they’re not taxed?

  • atk007@lemmy.world
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    7 days ago

    Wealth tax or Guillotine?

  • nonentity@sh.itjust.works
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    7 days ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    • RedAggroBest@lemmy.world
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      7 days ago

      I like that term. Gonna call it financial obesity from now on.

  • JigglySackles@lemmy.world
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    7 days ago

    Fuck off rich asshole. Tired of them acting like they know better.

    Tax wealth not work.

  • flop_leash_973@lemmy.world
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    7 days ago

    Your honor I object!!

    Why?

    Because its devastating to my case!!!

    • Kage520@lemmy.world
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      7 days ago

      Western society: “Overruled”

  • Tiger666@lemmy.ca
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    7 days ago

    Isn’t he the asshole who said he would help pay for that famous church that burned down a while ago and never gave them a red cent?

    • ShaggySnacks@lemmy.myserv.one
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      7 days ago

      Pretty much every billionaire who promised was a lying sack of shit.

  • gandalf_der_12te@discuss.tchncs.de
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    7 days ago

    wealth taxes and handouts to the people would stimulate consumerism and make the economy run hot.

    • rumba@lemmy.zip
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      7 days ago

      We should push the trickle up method.

      You give all the cash to the poor and middle class, they guy all the goods from the wealthy and they get their money back. Easy Peasy

      • icelimit@lemmy.ml
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        6 days ago

        Maybe the evaporation method

      • gandalf_der_12te@discuss.tchncs.de
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        7 days ago

        trickle up method

        yep, 100%, i gotta remember that phrase.

    • T00l_shed@lemmy.world
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      7 days ago

      Yes, but have you given a thought to those poor billionaires?

  • HubertManne@piefed.social
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    7 days ago

    you guys already don’t have musk, trump, bezos, ellison, zuckerberg, trump! All of them choose not to live there due to your repressive laws! Do you want to lose arnault as well! If he leaves he may never become prime minister or president. Do you really want that?

  • DegenerationIP@lemmy.world
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    7 days ago

    Did anyone actually ask him?

  • DupaCycki@lemmy.world
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    6 days ago

    If the ultra rich say your idea will ruin the economy - congratulations, you’ve got a great idea.

  • androidul@lemmy.world
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    7 days ago

    yes! tax the poor! /s

  • josefo@leminal.space
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    7 days ago

    not the onion

  • jjjalljs@ttrpg.network
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    7 days ago

    Is he showing any of his work, or is he just making stuff up? Seems like he’s just making stuff up.

    Also, everyone should look at the “wealth to scale” webpage: https://dbkrupp.github.io/1-pixel-wealth/ . Humans are not good at scale, and this helps visualize it.

  • Sunshine (she/her)@piefed.ca
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    8 days ago

    He isn’t the economy. The workers are.

    • 0li0li@lemmy.world
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      8 days ago

      Yep. Bad for the economy, good for the people.

      • fluxion@lemmy.world
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        8 days ago

        Yacht sales will plummet by 5% though!

      • Buffalox@lemmy.world
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        8 days ago

        I think you are confused, why would it be bad for the economy?

        • 𝙻𝚘𝚗𝚐𝙼𝚊𝚌𝚃𝚘𝚙𝚙𝚎𝚍𝚄𝚙@aussie.zone
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          8 days ago

          “The economy” = rich people’s yachts.

    • ripcord@lemmy.world
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      8 days ago

      But he’s a Job Creator or some shit

      • ShaggySnacks@lemmy.myserv.one
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        8 days ago

        Cuase their job creators we have to treat them special. Job creators can’t go to jail or anything.

        • ripcord@lemmy.world
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          8 days ago

          You know who else are job creators?

          All of the people doing the actual work.

        • wheezy@lemmy.ml
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          7 days ago

          Vietnam would like a word.

          Edit: I’m not pro death penalty (latest update has Vietnam actually removing it for this crime due to this case) but just showing the absolute night and day difference between how they treat capitalist that cause death and poverty through their greed.

      • wheezy@lemmy.ml
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        7 days ago

        When they inevitably try to pretend they are pulling business from new York when Mamdani becomes mayor. Please, everyone, use this as an opportunity to show how evil the structures of capitalism are.

        It will be a perfect time to explain class conflict to your liberal friends. The interest of the people of New York will be held hostage by capital. And overwhelmingly popular policy will be talk about as “unrealistic” and “poor economics”.

        Yes, that is why capitalist must lose their power. They are holding the popular policies of the people hostage. That power should not exist in their hands but the hands of the people.

        Capitalism is incompatible with democracy. The economy and politics are not separate. We cannot have a dictatorship controlling our companies and economy and call it a “democratic process”.

    • Resonosity@lemmy.dbzer0.com
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      7 days ago

      Fellow socialist 🙌

    • UnderpantsWeevil@lemmy.world
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      8 days ago

      Okay, but what if the financial sector launches a capital strike?

      Cuba is a great example of the results. Powerful worker state, but it is bottled up and suffocated by the US led embargo.

      • protist@mander.xyz
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        France is not comparable to Cuba in this scenario

      • NoneOfUrBusiness@fedia.io
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        8 days ago

        I mean you said it yourself, it’s an embargo. Good luck doing that to France.

      • cecilkorik@lemmy.ca
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        Then the world must go on labor strike. Capital requires our consent. Withdraw consent, seize the means of production and begin the class war. We are outgunned, but they are outnumbered, and we can easily get more guns once they can’t get any more numbers.

        Viva Revolución, Viva Cuba Libre!

  • ShaggySnacks@lemmy.myserv.one
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    Bernard Arnault is worth 157.3 billion USD. $1 billion dollars is 0.6% of their wealth. That’s fucking couch change. These fucking ghouls are so worried about their precious wealth they are willing to doom all of us.

    • pelespirit@sh.itjust.works
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      Plus, he looks like the end of a Q-tip.

      • FackCurs@lemmy.world
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        • pelespirit@sh.itjust.works
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          7 days ago

          Did they base Mr Mackey off a billionaire? “Gotta make my nut.”

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