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> LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’

I don't know why what Bernard Arnault says is on HN, he has no competencies in economy.

No dumb rich-hate here, simply that Bernard Arnault is definitely not best person to talk about the subject.

To argue that Bernard Arnault is clueless in economics is beyond absurd. He did not inherit this wealth. He did start with a family operating business, yes, but nowhere near his life result (and "the job" not even complete yet). He grew his group entirely in one generation - and so, yeah he has a pretty good grasp of economics.

Biased, sure - like most of the french population where being opinionated is normal. Clueless, no.

I don't know anything about him personally, but if he's that rich then I'm certain he has a highly paid team of extremely expert and well-informed people that are giving him his information. I take what he has to say with a grain of salt since he has such a massive self-interest in this, but still worthy of examining his arguments

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