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International Business Times

Business

France's Richest Man Riles Left With Attack On 'Pseudo-academic' Behind Tax Plan

Bernard Arnault Gabriel Zucman France Economy Luxury

The wealth tax proposal prompted any angry ripose from Bernard Arnault (Credit: AFP)

Left-wing figures in France on Sunday reacted with uproar after the country's richest man the luxury goods tycoon Bernard Arnault described an academic behind a wealth tax plan as a "far-left activist" who wanted to "destroy the French economy".

With France under pressure to erode its growing debt pile and budget deficit, French economist Gabriel Zucman has suggested the ultra-rich pay at least a two-percent tax on their fortune.

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