WORLD WORLDWIDE EUROPE FRANCE - news journal UPDATE - (en) France, UCL AL #363 - Editorial - Zucman Tax: small reform, big embarrassment (ca, de, fr, it, pt, tr)[machine translation]

 Driven by the institutional left, vilified by the bourgeoisie and their

allies: the Zucman bill, which seeks to introduce a minimum tax on the
wealth of the ultra-rich, is stirring up a lot of talk on TV sets. ----
Yet it is hardly a revolutionary measure. Starting from the observation
that the ultra-rich pay proportionally less tax than others, the bill
aims to ensure that these taxpayers pay at least 2% tax on their
fortune. Only 1,800 tax households would be affected, whereas, for
example, the wealth tax once applied to 350,000 millionaires.

Gabriel Zucman himself defends his tax as a simple corrective mechanism
to the income tax. Far from challenging the foundations of increasing
wealth inequality, it is an accompanying measure to capitalism,
following the reformist left's tradition of seeking "compromises." The
Socialist Party also hopes to push it through (likely in a watered-down
version) by presenting it as a condition for not censoring the upcoming
Lecornu government.

While one should not expect much from this bill, at least two things are
welcome. First, it puts the denunciation of growing social inequalities
and great fortunes back on the agenda, instead of the immigration or
security themes so dear to the right. Second, it embarrasses the RN,
which struggles to hide the obvious contradiction between its opposition
to taxing the rich and its populist rhetoric.

UCL, September 21, 2025

https://www.unioncommunistelibertaire.org/?Taxe-Zucman-petite-reforme-gros-embarras
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