François Picard is pleased to welcome Layla Abdelké Yakoub, Tax Justice and Inequality Advocacy Officer at Oxfam France. "Today in France a billionaire pays less taxes proportionally than a nurse or a firefighter," Yakoub explains. She challenges the foundations of France's fiscal system, arguing that the growing concentration of wealth and preferential tax treatment of the ultra-rich are undermining the constitutional principle of equality before taxation. As Oxfam pursues legal action against the French state, Yakoub describes a widening disconnect between the government's efforts to attract investment and its ability to finance public services, address poverty and carve out an ecological transition.
She points to the extraordinary accumulation of wealth among France's billionaires under President Emmanuel Macron, while questioning whether policies designed to enhance economic competitiveness have delivered broader social benefits. Her critique extends beyond tax rates to the erosion of enforcement capacity, arguing that insufficient oversight allows the wealthiest taxpayers to exploit an increasingly unequal system. At the heart of her argument lies a fundamental socio-political and economic question: Can a state claim to uphold fiscal equality when its wealthiest citizens contribute proportionally less than ordinary workers?
