Bernard Arnault, Chairman and CEO of LVMH and France's richest man, has vehemently criticized a proposed 2% tax on billionaires, calling it an assault on the French economy and labeling its architect a "far-left ideologue." This tax, targeting wealth exceeding 100 million euros ($117 million), is gaining political momentum in France.

• The proposed 2% tax targets wealth above 100 million euros ($117 million).
• Bernard Arnault, Chairman and CEO of LVMH, and Gabriel Zucman, economist, are central figures in the debate.
• An Ifop poll indicates 86% public approval for the tax, and Prime Minister Sébastien Lecornu faces a potential confidence vote over its inclusion in the 2026 budget.