“Yesterday, the looters and moochers of the Golden State voted for Prop 30, a measure to significantly boost both the state sales tax and also hike income tax rates on investors, entrepreneurs, and small business owners. I’m generally reluctant to make predictions, but I feel safe in stating that this measure is going to accelerate California’s economic decline. Some successful taxpayers are going to tunnel under the proverbial Berlin Wall and escape to states with better (or less worse) fiscal policy. And that will mean fewer jobs and lower wages than otherwise would be the case.”
Related posts:
100 to 115 SWAT raids per day in the US
War Profiteers, Slavery, and the Hypocrisy of Imperialism
The Fed in Danger
Eric Margolis: Are We Becoming What We Once Hated?
Eric Margolis: The Road To Nowhere – Kerry Mideast Journey
When Price Controls Reach Your Dining Table
Cute, Jack-Booted Kid-Thugs
On the Wrong Side of History
War Drums: Trump’s National Security Advisor Threatens Iran
The US Uses Gas To Kill Civilians
Meles Zenawi: The Ethiopian Marriage of Marxism-Leninism and Capitalism
What Happens After the Housing Bubble Reflates?
Silver at $28.50: What I Will Do Now
Why “Tapering” Will Not Go Smoothly — and What That Means for Bonds and Stocks
Ron Paul: Neocons Are Back With a Big War Budget and Big War Plans