Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Canadian State TV Hails 'Beige Horizon' With No White People
FAKE HATE: Black Man Arrested For 'Racist,' 'Pro-Trump,' 'Nazi' Graffiti
UK: Muslim Teacher 'Told Class Charlie Hebdo Victims Should be Killed for Insulting the Prophet'
'It's A Hate Crime': Black Teens Hospitalize White 'Trump Voter'
Afghan 'Refugee' Confesses to Rape, Murder Of 19-Year-Old German Girl
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.