In response to:

He's Mad as Hell and Not Going to Invest Anymore

awhitehead Wrote: Feb 03, 2013 7:44 PM
The way millionaires and zillionaires are being treated, I wonder if all future jobs will have to be government provided? A wealthy person would have to be a total nut case to open or run a business in California. The rest of the country should be warned: if California is doing it, do the opposite if you want to attract business.
psydoc Wrote: Feb 03, 2013 8:30 PM
I am only hiring independent contractors in my business. Why would I invest when I suspect the grubrmnt is only going to make it cost prohibitive for me.
Kevin 354 Wrote: Feb 03, 2013 11:52 PM
Why would anybody associate with anybody, but independent contractors?
"Why this fat cat likes Obama's tax plan" was the headline of a full-page ad La Jolla, Calif., investor Norman Lizt took out in The New York Times in August.

No, it wasn't really an endorsement. Lizt wrote that he has been a successful investor over the years, but if Americans re-elected President Barack Obama and his proposed tax hike became law, Lizt would face a marginal tax rate of "well over 50 percent." He wrote, "This represents the crossing of an inviolate threshold to me and is entirely unacceptable."

Lizt explained that he liked Obama's tax plan because it would prompt him...