Economist Gabriel Zucman Proposes 2% Wealth Tax on Billionaires
Economist Gabriel Zucman has proposed a 2% minimum wealth tax on fortunes exceeding €100 million, aiming to address the disparity in tax rates between billionaires and middle-class workers. Zucman's research indicates that billionaires pay a lower effective tax rate than middle-class workers due to legal structuring that avoids taxable events. His proposal, already dubbed the 'Taxe Zucman' in France, suggests that this tax could generate significant revenue globally, potentially raising $250 billion annually from billionaires and an additional $140 billion from centi-millionaires. The proposal has sparked discussions in France and at the G20, highlighting its potential impact on global tax policies. 
