How long before the "rich" who have been targeted to pay for these excesses will leave for greener pastures? The administration has made it clear that they're still not paying enough. Soon their deductions will be limited.
These Americans did things right. They worked hard, saved, invested, made the American Dream work for them, but now they have become the donkey expected to pull the whole wagon up an increasingly steep hill. Because of increases in taxes, many are leaving CA and going to states where taxes are lower and incentives greater. They're taking their businesses, investments and jobs with them.
But what happens when they can't escape the taxes imposed by the federal government? Why not head to a country where flat taxes are waiting? The French actor, Gerard Depardieu, is avoiding France's excessive income taxes by moving to Russia where their 13% flat tax has created economic growth.
As Congress faces off with President Obama over the debt limit and spending, many are saying the public will blame Congress if they take a stand to end this madness. If so, the blank check will be signed for another round of excessive spending. Wake up. Responsible parents know the importance of saying "no" to irresponsible teens. Responsible citizens are ready to support politicians who will finally do the same thing in Washington and Sacramento. Demand a fiscal fix that will last!
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