Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
SPLC: It's 'Unacceptable' For MS-13 To Be Described As 'Animals' By The White House
Judge's Ruling That Trump Can't Block Twitter Trolls Could Be A Huge Win For Right-Wingers
#NotMyBattlefield: Gamers Reject SJW-Themed Battlefield V
Report: Scot Peterson 'Covered Up Sexual Assault' On Boy At School Involving Sheriff Israel's Son
Sweden: Anti-Immigration Sweden Democrats Hit Record High Support In Latest Poll
On December 8, the website Breitbart heralded, "Despite Tax Increase, California State Revenues in Freefall." In the November state elections, a successful Proposition 30 imposed a 13.3 percent tax rate on income over $1,000,000 -- an increase of 29.13 percent and the highest state tax rate in the nation. The predicted tax revenue was hailed as a way to dig California out of its budget crisis. It was '"needed" especially to fund public-sector pensions with their plush benefits. Instead, state revenue for November 2012 fell by 10.8 percent, or $806.8 million. Wealthy businesses and individuals were leaving; many had left already.