Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Dr. Drew Show Canceled Just Days After He Questioned Hillary's Health
WATCH: The Top Three Videos Mocking Hillary's Alt-Right Speech!
WATCH: Buzzfeed Writer Hilariously Trolled by Alt-Right Comedian Sam Hyde
Lyin' Hillary Caught Once Again: 'Knew Aides Were Working With Family Foundation Despite Pledge'
Hillary Goes All In: Trump is a Racist, Neo-Nazi, KKK Loving White Supremacist
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.