How Big Government Undermines Freedom and Prosperity
“If you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate is 62, 63 percent,” Mickelson said. “So I've got to make some decisions on what I’m going to do.” He pointed to “drastic changes” that are driving his decision—an obvious reference to the income-tax hikes California voters placed on millionaires like him. Media and public critics were aghast and mocked this poor rich guy for his complaints.
If wealthy people keep leaving [California], then the state will have to pare back its budget. Perhaps the backlash against Mickelson is a sign of desperation by those who understand there might be limits to how many golden eggs the geese keep laying." [Reason]
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