Russ Steele
I found this quote in Hanson's latest column The End of Trust most interesting. When Maryland and New York targeted the rich with increased taxes they just picked up left the state. Could that be the case in California?The state [California] is already broke. Its taxes are the highest in the nation, the flight of its wealthy per week unsustainable—and its teachers apparently (please explain this?) furious that their salaries are the highest in the country and their students among the worst. So we either float more bonds, or ask retirees to take a cut or freeze. The latter is not even being discussed.
