Gutfeld: Gun Rights Keep Cyprus Bank Taxation Bailout Plan From Happening in US

Published on March 21, 2013

On Monday’s edition of Fox News Channel’s “The Five,” co-host Greg Gutfeld said the Cyprus bailout plan, which would result in the confiscatory taxation of deposits in banks at varying rates, is only a possibility because the country lacks a strong gun culture.

“So, Cyprus is mulling a plan to tax bank deposits in their country,” Gutfeld said. “The breakdown: Below €100,000 will be taxed at 6.7 percent; above €100,000, taxed at 9.9 percent; above €500,000, you’re taxed at 15 percent. This wholesale robbery has caused the citizen to rush to get their money out. The response: The banks close. So, how can a government assume it can get away with this? Because they assume they can get away with it.”

Gutfeld, author of “The Joy of Hate: How to Triumph over Whiners in the Age of Phony Outrage,” said it would be hard to imagine a similar scenario taking place in the United States.

“While Cypriots can own guns, it’s a bear to get them,” Gutfeld said. “There is no gun culture there, which then allows the government to wonder of its docile populace, ‘What are they going to do, shoot us?’ Well, in America — yes, we will shoot you.”

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