The LAT published a balanced piece today by Evan Halper on the proposal of Democrat legislators to raise the top state individual income tax bracket to 12 percent, the highest in the nation. California already leads the nation in this, with Rhode Island second.
The LAT presents the arguments of both sides in a balanced way and does not take a position in Halper's piece, which is refreshing. This is what newspapers should do in reporting the news.
Bloggers are different and this blogger has an opinion. The Dems are crazy if they think their plan will work. Rich people aren't stupid. Chances are they'll find a way to legally avoid paying the new high rates by, for example, leaving the state or not coming in or sheltering their income in some legal way. The tax increase will not produce the revenues that Dems promise. It's a good bet that Dems know that and don't care. They just want to be seen as sticking it to the rich.
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