" WHAT YOU TAX YOU GET LESS OF WHAT YOU SUBSIDIZE YOU GET MORE OF"
5 years ago The state of Maryland needed more money to waste the wise civic leaders saw there were over a 3 thousand millionaires filing state income taxes in Maryland so They raised taxes on the rich. who can complain about that?
The state lost money. The next year only two thousand millionaires filed taxes, Yes that right boys and girls over one thousand millionaires moved out of the state of Maryland taking jobs with them. The little known secret is that millionaires can afford to live anywhere, so if you make it too expensive for them then just move.
The state lost the income revenue along with the money they spend on the local economy and the jobs they took with them to the new state they moved to.
Ask NYC NY they raised taxes on the rich and lots of really rich people sold out and left the city.
Guess that moron living in the white house spent too much time on black history at harvard and no time on economics.
So go ahead raise taxes on the rich but remember rich people invest in new business opportunities poor people just take.
Look at our neighbors governing Massachusetts they raised sales taxes and MA citizens rushed into NH to purchase items avoiding the new higher sales taxes in Massachusetts.
do you notice or care that every other car in our mall parking lots is from Massachusetts?? why do you think that is??
Can you say EXCESSIVE SALES TAXATION.
Go ahead raise taxes on the people who create jobs and wealth and watch America slip into a real depression.
cut taxes and government spending and watch our economy grow.
Remember what you tax you get less of what you subsidize you get more of so which do you want more jobs or more welfare bimbos & illegal immogrants???