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Jul 19 2012

The French Example

Mike Huckabee

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!

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Comments 1-5 of 5

  • Charles Rathbun

    08/07/2012 07:11 PM

    Why is Obama determined to turn the US into a Socialist / marxist country when history ahs shown what a miserable failure Socialism has been? Like Hillary said...we ahve a man-child at the reins

  • Jennifer Lane

    07/26/2012 04:25 PM

    I think our president has very poor judgment if he thinks raising taxes on the rich is going to improve our economy. I don't understand why he keeps saying the rich should pay their "fair share". What is fair about someone paying for services from which they receive no benefit? You make an excellent point regarding the French. I recently watched a story on the news about a wealthy woman who has renounced her American citizen ship and moved out of the country. The report was criticizing her for doing it to avoid paying her "fair share". If our nation continues down it's current path, we may have many more wealthy citizens jumping ship. Can our economy afford that?

  • Brenda Garren

    07/26/2012 07:58 AM

    If we had the Fair Tax, our businesses would come home and maybe the French would move their businesses here too! I believe in the Fair Tax because everyone would pay on what they buy, even if they live on government money. I was in line behind a well-dressed woman at the grocery store when she was told that dog food could not be purchased with food stamps and she said her dog preferred the steak anyway!

  • kill dozerd11

    07/19/2012 01:07 PM

    I though you were referring to the French Revolution

    When they did the right thing

  • Donna Newton

    07/19/2012 12:04 PM

    Obama's tax plan--frightening! And I'm not rich.