Mike Huckabee News
Jul 19 2012
From yesterday's Huckabee Report:
What can Americans possibly learn from the French real estate news? Quite a valuable lesson, as it turns out. The details next…French voters decided the solution to government overspending was to soak the rich. So they elected a Socialist President who plans to raise the top tax rate to 45 percent, plus put a 75 percent tax on all earnings over 1 million euros. So what is the French real estate news reporting? A mass exodus of rich people. The high taxes are stimulating business, only for real estate agents in France’s lower-tax neighbors, like Switzerland and London. They’re enjoying booming sales of expensive homes to French expatriates, pulling their money and the jobs it creates out of France. So, we learn that money does react to government policy, and overtaxing the rich is counterproductive because they don’t sit around with targets on their foreheads, and they will take evasive action. And if you really needed to read the French real estate news to know this, you should NOT be in government.
I want to hear what you think about Obama's tax the rich plan. Leave me a comment below. I read them!