Overview

• An Ifop poll dated September 17 reports 86% support for the tax, including 92% among Renaissance backers, 89% among Les Républicains, 96% among Socialists, and 75% among Rassemblement National supporters.
• The proposal would charge 2% annually on wealth above €100 million, targeting roughly 1,800 households, with Gabriel Zucman estimating up to €20 billion in yearly revenue.
• Despite public backing, the plan is stalled after National Assembly approval in February and a Senate rejection in June, and Prime Minister Sébastien Lecornu has ruled it out.
• The fiscal debate is sharpened by the government’s target of €40 billion in savings, with centrists floating alternative anti‑avoidance measures in place of a broad wealth levy.
• Similar discussions are underway across Europe, with Norway maintaining a wealth tax, the UK weighing a levy on the super‑rich and reassessing non‑doms, Switzerland voting November 30 on a 50% inheritance tax above 50 million francs, and Spain applying a progressive solidarity tax on large fortunes.