March 23, 2017
Steven F. Hotze, M.D.
Publisher, CRTX News
The French Riviera offers not only spectacular scenery but also a striking contrast in economic systems. Let me explain.
Several years ago, I traveled to France and Monaco where I was a speaker at the Anti Aging World Conference. You can learn a lot about a country by listening to taxi cab drivers. What I discovered provides both an instruction and a warning for Texas and the United States.
Jacque was my taxi driver in Nice, France. He spoke passionately about how the socialistic system in France was “ruining the country” and destroying his ability to provide for his family. He claimed that he paid 75% of his income in various taxes, including an income tax which was nearly 50% and a sales tax of 20%. The average income for a French taxi driver is 22,500 euros ($30,000) annually. Jacque complained, “The politicians buy the votes of the non-workers and the poor with my taxes.” Sound familiar? This is standard socialist fare: Take from the producers and give to the non-producers.
A welfare state has been created in France by politicians who have promised large social security and health benefits. Anti-business regulations, labor laws and unions make it very difficult for businessmen to fire unsatisfactory employees without having to pay large sums to the government. Not surprisingly, France’s businesses are not hiring and the unemployment rate is 10% and the youth unemployment rate is 24%.
The French work an average of 10 weeks less per year compared to Americans due to government mandated vacation policies.
The immigration problems in France are similar to ours. Millions, mostly Moslems, have immigrated there and the rate of immigration has been dramatically increasing. Nearly 50% of Moslems between 17 and 25 years of age are unemployed and on entitlement programs. “The government takes my taxes and supports these immigrants who do not work. My money could be going to make life better for my family,” Jacque said plaintively.
The Marxist, socialist Democrat Party in the United States makes promises and proposes policies which are essentially identical to those of the Socialist Party in France. Socialism always leads to economic decline, shortages and rationing.
Monaco is an independent nation on the Riviera between France and Italy. It is prosperous, clean and has no crime to speak of. All the taxis in Monaco are Mercedes. My driver, Jose, told me he earned 60,000 euros ($80,000) annually driving a cab in Monaco. Oh, and by the way, there is no income tax in Monaco. That’s why businesses are moving to Monaco and the economy is booming.
Texas and the United States can either choose to be like France, a socialist country on the decline, or a free enterprise economy like Monaco. The choice is between poverty and wealth. It appears to me that the free enterprise solution is the best way to allow individuals the opportunity to prosper. Thank God that President Trump understands the difference.