iBankCoin
Joined Nov 11, 2007
31,930 Blog Posts

The Price of Taxing the Rich

“As Brad Williams walked the halls of the California state capitol in Sacramento on a recent afternoon, he spotted a small crowd of protesters battling state spending cuts. They wore shiny white buttons that said “We Love Jobs!” and argued that looming budget reductions will hurt the Golden State’s working class.

Mr. Williams shook his head. “They’re missing the real problem,” he said.

The working class may be taking a beating from spending cuts used to close a cavernous deficit, Mr. Williams said, but the root of California’s woes is its reliance on taxing the wealthy.”

Read the rest here.

If you enjoy the content at iBankCoin, please follow us on Twitter