Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Unhinged Lunatic Freaks Out On Trump Supporter, Says Trump is an Anti-Semite
CNN's Cuomo Criticizes 'Intolerant Dad' For Not Wanting Daughter To See A Penis In Locker Room
Sweden's Migrant Crime Wave Becomes Top National Story As Media's Lies Backfire
'Trump Was Right': Migrants Riot, Loot, Fight With Police And Set Cars On Fire In Sweden
Berkeley Prof Robert Reich Blames Trump For Riot In Sweden
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.