The Lépine competition for the tax “on the wealthiest” is open

Voices are being raised to demand tax increases for the “richest”. A discourse fueled by the increase in savings which is gaining ground.

The wealthiest 20% of French people have accumulated most of the savings surplus linked to the health crisis.
© RICCARDO MILANI / Hans Lucas / Hans Lucas via AFP

By Marc Vignaud

Published on 03/08/2021 at 4:30 p.m.

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LWill France get out of the coronavirus crisis by increasing taxes for the better-off? The idea is gaining ground as the public debt required to finance the rescue of businesses and the protection of households from the effects of health restrictions on the economy grows. French debt should blithely exceed 120% of GDP against 98% before the coronavirus crisis. England led the way. The Conservative government wants to freeze the income tax schedule (which amounts to increasing taxes), just like deductions from the income of …

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