Saturday, March 26, 2011

The Price of Taxing the Rich

Robert Frank, Wall Street Journal
Brad Williams, above, a former economic forecaster for California, warned that the state was overdependent on 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...

Source: http://www.realclearpolitics.com/2011/03/26/the_price_of_taxing_the_rich_252719.html

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