Zucman noted that wealthy individuals and the media outlets they own have strongly opposed a new measure, aiming to prevent any government discussion. Despite this, the 38-year-old professor from the Paris School of Economics and the University of California, Berkeley, appreciates that the public and media focus has led to a better understanding of taxation issues, stating, “I am happy as the level of the debate has improved.”
Lecornu’s resignation has thrown France into political and financial turmoil, causing borrowing costs to rise and the euro to drop over half a cent against the dollar, marking a significant domestic impact across Europe. Zucman believes the situation is fixable, citing French public savings and existing assets as buffers against wider eurozone risks.
“We should not dramatize,” he emphasized. “France is not at the mercy of its international creditors.” He argues that taxing the ultrarich’s assets could resolve France’s budget crisis, maintaining, “It is a problem that financially has a solution and this solution belongs to the French.”
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