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Anne Hidalgo, Socialist Party candidate for the 2022 presidential election, proposed the establishment of an ISF for the climate. A proposal already mentioned by Yannick Jadot, the candidate of the Greens.
In difficulty in the polls, Anne Hidalgo, candidate of the Socialist Party, present in Lille (North) on Saturday 23 October, made a shock proposal: the establishment of a green ISF. “A climate-related wealth tax will weigh on the wealthiest households, whose assets also emit the most carbon”, she detailed. The idea is to restore the solidarity tax on wealth (ISF) and to allocate the revenues to the ecological transition.
This green tax has already been developed by the environmental candidate, Yannick Jadot. His idea was inspired by a Greenpeace report. The principle is to tax the investments of the wealthiest taxpayers in polluting activities. “The richest 1% pollute 66 times more than the poorest 10%. The disparities are exploding”, answers Clément Sénéchal, climate spokesperson for Greenpeace France. For economists like Anne-Sophie Alsif, from the Bureau of Economic Information and Forecasts (BIPE), it might be better to focus on the carbon tax, and strengthen it to have international legislation.