Group 1 - The French government is considering a 2% wealth tax on individuals with assets exceeding 100 million euros to reduce the fiscal deficit [1][3] - The proposed tax has been criticized by Bernard Arnault, chairman of LVMH, who labeled the economist Gabriel Zucman as a "pseudo-scholar" aiming to "destroy the French economy" [1][3] - The tax plan, referred to as the "Zucman tax," is facing opposition from right-wing politicians who fear it may lead to wealthy individuals leaving France [3] Group 2 - Bernard Arnault's current personal wealth is reported to be 157 billion dollars, and he oversees brands such as Louis Vuitton, Dior, and Moët Hennessy under LVMH [4] - The previous French Prime Minister, Édouard Philippe, proposed a budget plan to cut public spending by 43.8 billion euros, which faced widespread public opposition [4] - Following a failed confidence vote regarding fiscal policy, the former Prime Minister resigned, and Sébastien Lecornu was appointed as the new Prime Minister [4]

Group 1 - The French government is considering a 2% wealth tax on individuals with assets exceeding 100 million euros to reduce the fiscal deficit, referred to as the "Zucman tax" by the media [1][3] - Bernard Arnault, chairman of LVMH and France's richest person, criticized the proposal, labeling economist Gabriel Zucman as a "pseudo-scholar" aiming to "destroy the French economy" [1][3] - The proposed tax has faced opposition from right-wing politicians who fear it may lead to wealthy individuals leaving France [3] Group 2 - Arnault's current personal wealth is reported to be $157 billion, according to Forbes [4] - The previous French Prime Minister, Édouard Philippe, announced a budget plan to cut public spending by 43.8 billion euros, which included controversial measures such as changing public holidays to workdays [4] - Following a failed confidence vote regarding fiscal policies, the former Prime Minister resigned, and Sébastien Lecornu was appointed as the new Prime Minister [4]

Group 1 - The French government is considering a 2% wealth tax on individuals with assets exceeding 100 million euros to reduce the fiscal deficit, which could generate approximately 20 billion euros annually for the French treasury [1] - The proposed tax, referred to as the "Zuckman tax," has faced criticism from right-wing figures who fear it may drive wealthy individuals out of France [1] - Bernard Arnault, chairman of LVMH and France's richest person, criticized the tax proposal, labeling its proponent, economist Gabriel Zuckman, as a "pseudo-scholar" aiming to "destroy the French economy" [1] Group 2 - In July, the former French Prime Minister Borne announced a budget draft for 2026, aiming to cut public spending by 43.8 billion euros, which included controversial measures such as converting two public holidays into working days [2] - The budget draft faced widespread public opposition, leading to Borne's resignation after losing a confidence vote in the National Assembly regarding fiscal policies [2] - Following Borne's resignation, Defense Minister Sébastien Lecornu was appointed as the new Prime Minister [2]