Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Bill O'Reilly on Brexit Motive: "In Parts of London, You're Not Really in England, You're in Pakistan"
Putin on Brexit: "Some Don't Want to Dissolve National Borders"
Brexit Fever Spreads: Italy, France, Netherlands & Denmark Seek Vote On Leaving EU
"Now It Is Our Turn": Freedom Party's Geert Wilders Calls for Dutch Referendum
Brexit Voting Demographics
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.