Sunday, December 09, 2012

They Should Have Built a Wall

Despite Tax Increase, California State Revenues in Freefall
Democrats thought they could hammer "the rich" by convincing voters to pass Proposition 30 to create the highest state income tax in the nation. But it now appears that high income earners have already “voted with their feet” by moving themselves and their businesses out of state, resulting in over $1 billion shortfall in corporate and income taxes last month and the beginning of a new financial crisis.
That's one reason they can't let people out of a communist country, if all the wealth creating people leave they run out of other people's money faster. Not that they would keep working so hard to create wealth when it is confiscated from them anyway. Will they never admit they are wrong?

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