as an illustration households net worth in france is five times higher than gdp and it has grown by over on average per year and in real terms between and compared to a increase for gdp conseil des prelevements obligatoires taxing wealth at a rather low rate should thus generate large and rising tax revenues second real estate accounts for a large share of household net worth fredriksen and the tax can thus hardly be avoided third inheritance and gift taxes not only on immovable property but on all net assets could offer an alternative to the taxation of lifelong saving