German fashion designer Karl Lagerfeld has accused President Francois Hollande of destroying France’s economy by imposing painful taxes on the rich, calling the Socialist leader an “idiot”.
Report by Reuters
The creative director of French fashion house Chanel, whose clients are largely the wealthy who stand to be most affected by Hollande’s tax hikes, likened the president to Spanish Socialist former prime minister Jose Luis Rodriguez Zapatero.
“This idiot will be as disastrous as Zapatero was,” Lagerfeld said in an interview with the Spanish edition of glossy fashion magazine Marie Claire.
He added a famously blunt celebrity voice to criticism from business leaders at tax rises Hollande is slapping on companies and the wealthy in trying to reduce France’s big public deficit.
Officials at the Elysee presidential palace were not immediately available for comment.
Lagerfeld, known for eccentric comments and unconventional looks, and a darling of rich fashionistas who snatch up Chanel’s pricey creations, said the rich were being singled out by Hollande, who has set a 75% income tax on those with an annual income of at least US$1,31 million.