In response to:

California’s One-Man Laffer Curve

bnygren50 Wrote: Jan 23, 2013 10:01 AM
The rich and corporation WILL leave the country,two of my best friends have already.Just look at Europe,many live in Thailand and other "friendly" countries.In my birth country the "rich" left so tax base gone,same will happen here.Facebook guy did right before it went public to avoid Obamas tax grab

I’ve already condemned the foolish people of California for approving a referendum to raise the state’s top tax rate to 13.3 percent.

This impulsive and misguided exercise in class warfare surely will backfire as more and more productive people flee to other states – particularly those that don’t impose any state income tax.

We know that people cross state borders all the time, and it’s usually to travel from high-tax states to...