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The measure targets hundred-millionaires who implement optimization schemes to avoid paying taxes. It simply brings our tax laws into line with the principle of equality before taxation, the three economists argue in an op-ed in Le Monde, as the bill is about to be examined by the Senate.

Billionaires pay half as much tax as the French. To correct this inequality, economists and experts, such as Quentin Parrinello, propose taxing them 2%. The idea will be debated in the Senate on June 12.

As the world watches Donald Trump and Elon Musk publicly fight over the sweeping legislation moving through Congress, we should not let the drama distract us.

90% of the population, who support themselves mainly through work and have little investment, owe more in taxes than the richest 1%.

The bill to impose a minimum 2% tax on the assets of the ultra-wealthy will be presented on Thursday, June 12, after its adoption by the National Assembly in February. This tax was initiated by Gabriel Zucman, economist, professor at the ENS, and director of the EU Tax Observatory.

The study examined data from 16 countries, including Brazil, Canada, Germany, Japan, Norway, Poland, Sweden, Spain, South Africa, the Czech Republic, Hungary, and the United Kingdom. These countries account for approximately $3.5 trillion in foreign assets.

But who are the owners gobbling up these wide swaths, where do they reside and what are their plans for the property? That’s far less clear.

Gabriel Zucman is leading a movement for billionaires to pay at least 2 per cent of their net worth each year

Mathieu Parenti is one of three economists, not including the winner, nominated by the jury for the Best Young Economist 2025 Prize, which includes representatives from the Cercle des économistes and Le Monde, for their work in building peaceful societies capable of facing the challenges of today.

Speaking at an EU Tax Observatory event in Brussels, Reinhard Biebel, the head of unit for direct tax policy and cooperation in the European Commission, said he disagrees with those calling for the repeal of the law, known as DAC6.