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Mike Huckabee
There were massive protests in debtor nations such as Greece, and Obama indirectly lectured Merkel that austerity policies might destroy the fragile recovery. Some nations agreed with him, such as France, which went “all in” by electing an outright socialist, François Hollande, as President and giving him a socialist Parliament. Hollande imposed the predictable economic solutions of punishing the successful, including a controversial 75 percent millionaire’s tax. These measures caused capital to flee from France and even led French film icon Gerard Depardieu to give up his French passport and move to Belgium and be granted citizenship by Russia, which charges him a 6 percent income tax rate. (I hear that in exchange, he must appear in every movie made in Russia, the way he did in France.) Panicking at the public revolt, Hollande promised to enact some market-based reforms, such as cutting spending to reduce the deficit, enacting some pro-growth policies, and capping government worker salaries. But it was too little too late. The voters took a sharp right turn in the next election. Sound familiar?
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