Who will the politicians tax if millionaires disappear? Or are taxed out of existence, if those on the Left have their way?
New York State and California, which have always had the largest number of millionaires, report that their number have been falling. That is bad for politicians who love to tax them to solve state fiscal and budget problems.
Unfortunately for these high-tax states, millionaires, and those not as wealthy, are taking precautions. When taxes get onerous, they leave for other states.
Eventually, of course, the Federal government may well catch up with its millionaire citizens, with federal income and death taxes.
Liberal politicians who hear the lesson about the goose who laid the golden egg, think the goose is always in open season just for them.
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