red states rule
10-29-2012, 02:00 PM
Leave it to idiot liberals to think they can reverse basic economic principals and human nature
A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us.
That's the foundation stone, after all, of the argument against raising taxes on "job creators" and of bestowing preferential treatment on capital gains (largely collected by the rich) over wage income (the sustenance of us other poor slobs).
And it's a linchpin of the campaign against Proposition 30, Gov. Jerry Brown (http://www.debatepolicy.com/topic/politics/government/jerry-brown-PEPLT007547.topic)'s proposal to raise income taxes on income above $250,000, topping out at a 13.3% rate on income over $1 million. Go after the wealthy like that, the argument goes, and the rich will flow out of the state like rainwater cascading down a sewer grate.
http://www.latimes.com/business/la-fi-hiltzik-20121028,0,966737.column
and
Millions flee California because of progressive tax system
California has lost billions of dollars in revenue in recent years as businesses and residents flee the state, in part because other states have a more favorable business climate.
According to one estimate (http://www.breitbart.com/Big-Government/2012/03/13/exodus-california-tax-revenue-plunges-by-22), 254 businesses across a variety of industries moved all or some of their jobs out of state last year.
California has both the highest state deficit in the country and the highest personal income tax
Read more: http://dailycaller.com/2012/07/27/millions-flee-california-because-of-progressive-tax-system/#ixzz2AiSduPmc
A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us.
That's the foundation stone, after all, of the argument against raising taxes on "job creators" and of bestowing preferential treatment on capital gains (largely collected by the rich) over wage income (the sustenance of us other poor slobs).
And it's a linchpin of the campaign against Proposition 30, Gov. Jerry Brown (http://www.debatepolicy.com/topic/politics/government/jerry-brown-PEPLT007547.topic)'s proposal to raise income taxes on income above $250,000, topping out at a 13.3% rate on income over $1 million. Go after the wealthy like that, the argument goes, and the rich will flow out of the state like rainwater cascading down a sewer grate.
http://www.latimes.com/business/la-fi-hiltzik-20121028,0,966737.column
and
Millions flee California because of progressive tax system
California has lost billions of dollars in revenue in recent years as businesses and residents flee the state, in part because other states have a more favorable business climate.
According to one estimate (http://www.breitbart.com/Big-Government/2012/03/13/exodus-california-tax-revenue-plunges-by-22), 254 businesses across a variety of industries moved all or some of their jobs out of state last year.
California has both the highest state deficit in the country and the highest personal income tax
Read more: http://dailycaller.com/2012/07/27/millions-flee-california-because-of-progressive-tax-system/#ixzz2AiSduPmc