Will the Rich Stick Around to Be Soaked?by Wendy McElroy
Sep. 23, 2013
Baltimore: Robert E. Lee Statue Replaced With Statue of Pregnant Black Woman
POLL: 62% Of Americans Believe Confederate Statues Should Remain, Only 27% Disagree
Troglodyte Throws 'Boiling Hot Coffee' On Alex Jones In Streets Of Seattle, Media Celebrates
ACLU Will No Longer Defend 1st Amendment Rights Of Those Who Exercise 2nd Amendment
These Videos Show The Alt-Left Violence Trump Talked About During His Epic Press Conference
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.