Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Sweden's Migrant Crime Wave Becomes Top National Story As Media's Lies Backfire
FAKE NEWS: Trump Never Said There Was A 'Terror Attack' Last Night In Sweden
Denmark: Resolution Passed to Prevent Danes From Becoming a Minority
CNN's Don Lemon Freaks Out, Ends Segment After Being Called 'Fake News'
Chelsea Clinton 'Horrified' By Detention of Six-Time Deported Illegal Alien Domestic Abuser
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.