Definitions of poverty and wealth
Poverty: State, condition of a person who lacks resources, material means to lead a decent life. Source: CNRTL.
Wealth: Abundance of goods, means, income; state, condition of a person who possesses very important goods, who has many resources, income. Source: CNRTL
Wealth and poverty are the opposite of each other according to these definitions.
It should be noted that this opposition between rich and poor has so excited passions that the vocabulary for identifying the rich and the poor, or even for insulting them, is plethoric.
Chronology on poverty and wealth in France
1801: Direct taxes represent 64% of tax revenues in France
1872: Creation of a tax on income from securities
1893: Creation of a 1% stock market tax
1949: Audiovisual fee
1950: Guaranteed interprofessional minimum wage
1954: Creation of the VAT
1956: Law creating the inheritance tax
1970: MINIMUM WAGE
1978: Law creating the taxation on stock market capital gains
1982: Tax on large fortunes (IGF)
1988: Minimum income for integration (RMI)
1988: WEALTH TAX
2018: The tax on real estate wealth (IFI) replaces the ISF
→ See Explanations on the Yellow Vests movement