Gabriel Zucman

And so I thought, well, okay, let's try to do for billionaires what we've been able to do in a very limited manner, but still it exists for multinational companies.

So the idea of a minimum tax, let's try to do it for billionaires.

And then the Brazilian government said,

Let's do it.

Great idea.

They put it on the agenda of the G20.

These G20 finance ministers, they meet several times a year.

Not once since the creation of the G20 25 years ago, not once had they discussed those questions of taxation of the rich, the boom in extreme wealth, which are some of the most important

frankly, issues of our time.

And so the fact that for the first time they were forced to talk about that, it kind of started a conversation in different countries.

And so that's why then the French National Assembly picked up that proposal, like exactly what I had formulated in my report to the G20 in June 2024.

was then translated into a bill that was passed by the French National Assembly in February of 2025, minimum tax of 2% of wealth for people with more than 100 million euros.

And it was passed by the French National Assembly.

It passed National Assembly, which is, you know, it's not a left-wing parliament.

Far from it.

Yeah, it passed.

And then, okay, it was blocked by the Senate.

And so it's still not enacted into law, but it's going to come back.

And eventually, I'm very confident that it will end up passing because it's the current situation, which is just radical and unacceptable.

Well, I'm pretty certain that it will happen in France.