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To: SeekAndFind

Leftists are not so hot with pattern recognition.

Not too long ago, when taxes were being strongly hiked in New Jersey, the left said that it would not make high income taxpayers leave. Some 20,000 taxpayers did leave, and it cost the state economy $2.5 billion in gross income.

Hawaii, New York, Oregon and Maryland also raised rates on high earners during in the 2000s, and the left said that it would not drive out millionaires. But other than a LOT of anecdotal evidence that it did, there was no real effort by economists to document it. For some reason.

Very recently in France, hiking the tax on the rich by a huge amount, the left still insisted that it would not drive out the wealthy. It did, in a big sort of way. But the French left are still in denial about it.

So along with its crushing government over-regulation, very high prices, and nanny-statism about everywhere, the left still does not grasp the obvious. But if the people of California are smart, a good question, will they decide to put yet another nail in their economic coffin?


11 posted on 10/29/2012 7:53:29 AM PDT by yefragetuwrabrumuy (DIY Bumper Sticker: "THREE TIMES,/ DEMOCRATS/ REJECTED GOD")
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To: yefragetuwrabrumuy

Hanoi Jane just sold her house in Kali (formerly owned by RR, of all people that she wouldn’t be caught with the range of an AA gun...)


14 posted on 10/29/2012 8:31:32 AM PDT by Calvin Locke
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