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.”

  • bookmeat@lemmynsfw.com
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    9 hours ago

    This only affects the poor. It doesn’t affect billionaires, the ones who can affect change.

    • inclementimmigrant@lemmy.world
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      8 hours ago

      It’s cute you think the working class and working poor are clamoring for international trips.

      I mean, do I think it would be effective? No. But to say this would affect the poor as if this would be some kind of major impact? Come on.

      • bookmeat@lemmynsfw.com
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        7 hours ago

        I think you don’t have the same definition of poor as I do in this context. Poor for me means not a billionaire oligarch.