The money train has run out, and the good times are over. So what is the solution to dropping tax revenue in the state? JFK, party leader and president way back in the 60's thought the way to increase government revenue was to LOWER taxes. (He was the last Democrat to understand economics.) But what brilliant, earthshaking strategy are the Dims of New York following today?
That’s RIGHT! You go to the people who have been taxed to death to support those who pay nothing, and say, “Give us more!”
And you know what happens…the people move. The businesses move. The revenue moves. And the harder you squeeze, the more tax revenue will fall though your fingers. Why is it that the brilliant people that get sent to Washington, who are much smarter than you or me (just ask ‘em!) can never figure out that populations and jobs are mobile? “Soak the Rich”? And watch them take their money, their savings, the jobs they produce for the economy, and their spending habits the heck out of YOUR state.