this post was submitted on 20 Jan 2026
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The leading French economist Gabriel Zucman is urging European governments to inflict financial pain on American billionaires in response to US President Donald Trump’s effort to seize control of Greenland, a mineral-rich island that some of Trump’s rich campaign donors see as a potentially massive profit opportunity.

“Access to the European market—by billionaires and the companies they own—should be made conditional on paying a wealth tax: in effect, a tariff for oligarchs. If Elon Musk, for example, wants to keep selling Teslas in Europe, he should have to pay it. If he refuses, Tesla would lose access to the European market.”

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[–] UnspecificGravity@piefed.social 17 points 21 hours ago

We already know how to do this, its literally the first thing we did when we sanctioned Russia for Ukraine. Target the business interests of the people actually making the decisions.