Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
NSA Whistleblower Says NSA Spied On Congress, The Supreme Court And Trump
Antifa Thugs Beat Down & Arrested For Attacking Trump Supporters At Huntington Beach Rally
France: Muslims Pray In Streets Of Paris To Protest Mosque Closure
Carlson: "U.S. Has Imported A Foreign Criminal Class That Operates A Multi-Billion Dollar Drug Trade"
Trump Was Right: Jewish Teen Arrested For Bomb Threats To Jewish Centers
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.