this post was submitted on 18 Oct 2026
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[–] baatliwala@lemmy.world 1 points 3 hours ago* (last edited 3 hours ago) (1 children)

Isn't France's pension system to also blame for this mess? And doesn't France already have pretty high taxes on the wealthy?

[–] falcunculus@jlai.lu 1 points 37 minutes ago

The pension system thing is complicated but there is a simple answer to your second question: the ultra wealthy pay very little tax, all across the West, because they have no personal income and instead hold stakes in legal entities that buy everything they want.

Zucman has written a bunch of articles on the subject, including one on the US