The French Senate has rejected the proposed "taxe Zucman," a new wealth tax targeting the ultra-rich. The tax, proposed by economist Gabriel Zucman, aimed to impose a 2% levy on the assets of the wealthiest 0.01% in France, potentially raising between 15 and 20 billion euros. Despite the Senate's refusal, the initiative has gained public awareness and support, particularly from the Green Party and several members of the Socialist Party who have pledged to defend the tax in future budget discussions. The debate has attracted international attention, with seven Nobel laureates in economics—including Daron Acemoglu, Esther Duflo, Paul Krugman, and Joseph Stiglitz—urging France to adopt a minimum tax on the ultra-wealthy. These economists highlighted that the ultra-rich hold wealth equivalent to 30% of France's GDP and argued that such a tax could set an example globally. The discussion comes amid broader budgetary challenges, with concerns raised about planned savings measures potentially impacting vulnerable populations and calls for reforms to protect the middle class and businesses.