Thread: States
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Old 04-28-2020, 11:53 AM   #12
Jim in CT
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Join Date: Jul 2008
Posts: 20,441
Quote:
Originally Posted by PaulS View Post
That is pretty much what happens.
Until the rich have had enough, and then flee, or even worse, establish legal residency elsewhere, costing the state massive tax revenue. That's what's happening now in CT and NY. And it's a disaster for the balance sheet. It never sinks in to liberals, that the concept of supply and demand applies to things like an income tax.
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