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EconomyWealth
Europe

Before California, France tried a wealth tax. Macron repealed it after rich people fled the country instead of paying

By
Tristan Bove
Tristan Bove
Contributing Reporter
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By
Tristan Bove
Tristan Bove
Contributing Reporter
Down Arrow Button Icon
January 27, 2026, 1:56 PM ET
President of France Emmanuel Macron speaks during an ambassadorial event in Paris.
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