Arnault Says Wealth Tax Advocate Seeks to Destroy Economy

Here is a 187-word summary of the news article: Bernard Arnault, the CEO of luxury conglomerate LVMH, has criticized an economist who has proposed implementing a wealth tax in France. Arnault accused the economist, who he did not name, of being a "far-left activist" whose ideology would "destroy the country's economy." The debate centers around how France should restore its public finances, which have been strained by the COVID-19 pandemic. Some economists have suggested a wealth tax as a potential solution, but Arnault strongly opposes this idea. Arnault, who is France's richest person, argued that a wealth tax would drive away businesses and high-net-worth individuals, ultimately harming the French economy. He stated that the economist's proposed policies are misguided and would have devastating consequences. The clash between Arnault and the unnamed economist highlights the ongoing tensions in France around taxation, inequality, and economic policy. As the country grapples with the economic fallout from the pandemic, debates over wealth taxes and other measures are likely to continue.