Thursday 19 January 2017

Karl Lagerfeld: A tax to force rich people to shop will aid economy

Published 15/11/2011 | 09:57

Karl Lagerfeld and 80s supermodel and Chanel muse Inès de la Fressange take to the catwalk during Paris fashion week. Photo: Getty Images
Karl Lagerfeld and 80s supermodel and Chanel muse Inès de la Fressange take to the catwalk during Paris fashion week. Photo: Getty Images

Karl Lagerfeld thinks there should be a "tax" which forces rich people to to go out and spend in the shops.

  • Go To

The fashion designer has discussed ways in which the on-going global financial crisis could be eased. He believes fashion could play a part, especially if people started investing in couture pieces.

“I think they should make a tax so that when you earn a certain amount of money, you have to spend a certain amount on shopping. To buy whatever… And that way, we create tons of jobs. I think it’s a good idea. What I hate is people with a lot of money who don’t spend it,” he told WWD.

Lanvin’s Alber Elbaz also believes the top rungs of fashion design hold the key to economic stability.

“It’s more difficult to cook with potatoes, eggs and cheese than with caviar... The pieces that are actually flying from the stores, they’re not the cheapest, the commercial versions, but the special pieces,” he said.

Markus Lupfer thinks it’s vital that the style industry begins creating more jobs to stimulate growth. It’s not all about having a serious long-term plan though, he explained fun is also necessary to boost sales.

“Peace, Love and Sequins! It’s all about creating jobs. The government should introduce a quota where companies have to produce a certain percentage within their own country in order to create jobs, and in the meantime — sequins for everyone!” he said.

Cover Media

Read More

Promoted articles

Editors Choice

Also in this section