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How the world’s richest man became a lightning rod in French retirement age row

Macron’s pension reform plan is facing fierce resistance, with calls to tax tycoons instead.

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Mr Bernard Arnault, the world’s richest man and owner of French luxury group LVMH, has become a lightning rod with protesters.

Protesters in France have been exhorting the world’s richest man, LVMH owner Bernard Arnault, to do more for the common good.

PHOTO: AFP

Leila Abboud

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President Emmanuel Macron’s

unpopular plan to raise the retirement age

by two years to 64 has ignited a debate in egalitarian-minded France: are the billionaires to blame?

As labour unions held a second massive strike on Tuesday, which

drew hundreds of thousands of people onto the streets

across the country, left-wing politicians have gone on the attack to argue that taxing the super-rich would be a better way to plug deficits in the state-run pension system.

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