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Radio France Internationale
Radio France Internationale
National
RFI

French economist Zucman and billionaire Arnault trade barbs over wealth tax plan

Economist Gabriel Zucman has proposed a plan to place a 2 percent tax on the ultra wealthy in France. AFP - JOEL SAGET

A French economist behind a wealth tax plan on Sunday hit back at the country's richest person who claimed the academic wanted to destroy the French economy.

With France under pressure to reduce its €44 billion debt pile and budget deficit, Gabriel Zucman has suggested that the ultra-rich pay at least a 2 percent tax on their fortune.

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