Thomas Piketty Proposes French Referendum on Billionaire Wealth Tax, Estimates €800 Billion Revenue (socialeurope.eu)

• Piketty proposes a French referendum on a solidarity tax for billionaires.
• Tax includes 50% one-off levy on gains over €100 million since 2017 and annual 5-10% on large assets.
• Projected €800 billion revenue would fund a sovereign fund for strategic investments.

"Thomas Piketty proposes a French referendum on a national solidarity tax targeting billionaires and centimillionaires. Modeled on the 1945 ISN, the tax would include a one-off 50% levy on wealth gains over €100 million since 2017 and a permanent annual tax of 5–10% on assets over €100 million. Projected revenue is approximately €800 billion (30% of GDP), paid into a sovereign fund to steer investment toward energy, education, research and healthcare."