Do not tax the richest, copy them!

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GRANDSTAND. Economist Cécile Philippe believes that it is in the general interest to draw inspiration from the wealthiest…rather than pointing fingers at them.

Cecile Philippe*

The economist Cécile Philippe suggests imitating the rich, rather than overtaxing them.
© Fiora Garenzi/Hans Lucas via AFP

Published on 01/27/2023 at 5:00 p.m.

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En this period of great uncertainty, ideas aimed at sharing value are more successful than those that seek to create it. It is, in fact, easier to decide on what already exists than to invent what is not yet. Hence the anthology of proposals to tax the rich.

After the tax on superprofits, it is the turn of Joseph Stiglitz to propose a special tax of 70% on the highest incomes accompanied by a tax on wealth. These ideas are recipe for popularity, but they leave you hungry. Indeed, it is much more interesting to understand and observe the behavior of the wealthiest in order to draw some useful lessons, both collectively and individually. Whether it’s the Covid or the management of his fo…