POSTED: Friday, December 7, 2012 - 8:18pm
UPDATED: Tuesday, December 11, 2012 - 11:40am
Tyler, Tx — Back when I was a kid, everyone wanted to go to California. The westward migration was a big this in the 60s and 70s.
They called it the land of fruits and nuts, but still they came.
I lived on the West Coast for years and they always told me the West Coast was full of people who didn't fit back east and came out there. Their words, not mine. But now the luscious land of plenty is starting to ask a lot more than it gives.
Capitol alert reports high-income Californians may pay the nation's highest tax rate.
Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation's highest marginal income tax rates -- nearly 52 percent -- if President Barack Obama and Congress fail to make a deal to avoid the so-called "fiscal cliff."
Without a fiscal cliff deal to the contrary, the Bush era tax cuts on high-income taxpayers would expire next year and rates would return to their previous levels.
And this election Californians voted in a Democratic super majority. That means they can meet and jack up taxes anytime they want to with a basic majority.
Goodness knows that have to pay for all the entitlement programs that state is known for and wants to do more of.
That's my point of view, what's yours?