In a recent interview, French economist Gabriel Zucman emphasized the urgent need to safeguard democracy against the escalating influence of extreme wealth. Zucman, known for his progressive ideas and significant research on tax evasion and avoidance by the ultra-wealthy and multinational corporations, is advocating for a minimum tax of 2% on fortunes exceeding 100 million euros. This proposal, referred to as the Zucman tax, almost gained approval in France but was ultimately blocked by the Senate. Nonetheless, Zucman remains optimistic that the concept will continue to gain traction.

During the interview held at the Palace of La Moncloa, Zucman highlighted recent collaborations with the Spanish government aimed at improving tax systems and ensuring that the ultra-wealthy contribute their fair share. He argues that allowing the mega-rich to circumvent taxes undermines the foundations of economic justice and democracy. Zucman's advocacy for progressive taxation not only addresses inequality but aims to create a new economic order that is centered on fairness and equity.

As the wealth gap continues to widen, Zucman's recommendations resonate on a global scale. The challenges posed by extreme wealth concentration are not just economic; they threaten democratic institutions and social cohesion. His thoughts raise important discussions about how different countries can implement similar policies and collaborate internationally to tackle the issue of wealth inequality effectively, ensuring that the economic system works for everyone, not just the privileged few.