The idea of a wealth tax on society’s richest people is suddenly in vogue, thanks to the political stalemate in France. Economist Gabriel Zucman, who divides his time between Berkeley and Paris, has proposed a wealth tax that maxes out at 2 percent, on France’s top 0.1 percent of households, just 1,800 people, whose wealth exceeds 100 billion euros, about $118 billion.
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