Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Lib Freaks Out After Virtue Signalling Poll Backfires
'Please Stop Pretending You're A Rebel!' Coulter Mocks The Resistance For Being 'Lockstep With Corporate America'
Christian Refugee Returns to Syria: 'I Was Scared When I Saw How Many Refugees Openly Pledged to ISIS'
Parkland Students Rally in Israel and Dubai to Demand Gun Control in America
Journalist John Pilger: Skripal Case a 'Carefully Constructed Drama,' 'Propaganda Campaign'
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.