Bernard Arnault, the chairman of LVMH, a global luxury goods conglomerate, has expressed strong disapproval of a proposed 2% tax on billionaires in France. In a public statement, Arnault characterized the plan as an attempt to punish wealth and undermine the French economy. He asserted that the tax would unfairly burden individuals and corporations. Arnault also denounced the proposal as being driven by a politically motivated agenda and a misguided focus on redistribution. The statement reflects Arnault’s longstanding opposition to government intervention in the financial sector.
Credits: The Straits Times World News
