Piketty Says 2% Wealth Tax Is ‘Absolute Minimum’ for France

In an interview, economist Thomas Piketty stated that a 2% wealth tax proposed in France's budget is the "absolute minimum" to address the country's fiscal challenges. Piketty, known for his research on wealth inequality, argued that a higher tax rate is necessary to tackle the issue effectively. The proposed 2% wealth tax has been a source of controversy in France, with the government facing significant opposition to the measure. Piketty, however, believes that this tax rate is not enough to effectively address the country's fiscal problems and the growing wealth inequality. Piketty's comments come at a time when the French government is facing pressure to find ways to boost revenue and address the country's fiscal challenges. The economist's views on the need for a more substantial wealth tax are likely to contribute to the ongoing debate surrounding the budget and the government's approach to addressing economic inequality.