Article 704TV French champion wealth tax while protesting budget cuts

French champion wealth tax while protesting budget cuts

by
editors@theworld.org (Gerry Hadden)
from The World: Latest Stories on (#704TV)

Somewhere between 500,000 and 1 million French people took to the streets across the country today, protesting against cuts in social services meant to balance the federal budget. But a different approach to getting out of the red has some protestors excited: It's a 2% tax on France's wealthiest, nicknamed the "Zucman Tax" after progressive economist Gabriel Zucman who first floated the idea. But a wealth tax would be a tough pill to swallow for France's conservative President Emmanuel Macron. The World's Gerry Hadden reports from Perpignan, France.

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