The leftists are so ideological, they are incapable of learning
WASHINGTON, D.C. (Texas Insider Report) — We predicted this earlier this week in the HOTLINE, but we didn’t think the exodus would happen so quickly. Washington state is on the precipice of its first-ever income tax of 9.9% on millionaires and just as fast as you can get on the line with a real estate agent, the rich are lining up to leave.
As we pointed out in our HOTLINE item, every one of the 11 states that have introduced an income tax since 1960 has seen their economy lose ground and lose successful people.
At least a child learns from a very young age: when you stick your finger in a flame it hurts, so don’t do that anymore. The leftists are so ideological they are incapable of learning.
And that explains the sad and ongoing meltdown of blue-state America.
Schultz is not the first high‑net‑worth individual to leave Washington for a state without an income tax.
Jeff Bezos made a similar move following the passage of the Capital Gains Tax, and is perhaps the most prominent example.
And that explains the sad and ongoing meltdown of blue-state America.
Schultz is not the first high‑net‑worth individual to leave Washington for a state without an income tax.
Jeff Bezos made a similar move following the passage of the Capital Gains Tax, and is perhaps the most prominent example.
Despite assurances from Democrats that affluent residents would remain, the trend suggests otherwise.
The timing of the tax’s passage — coinciding with the departure of the founder of Seattle’s most iconic company — underscores that reality.
Steve Moore – a former Wall Street Journal Editorial Page writer, Chief Economist for The Texas Insider, and a former Senior Economic Adviser to Donald Trump – is a Senior Fellow at FreedomWorks. Along with Steve Forbes & Art Laffer, he is Co-Founder of the Committee to Unleash Prosperity. Using compelling charts, videos, and maybe even a little humor, Moore and the Committee's free Daily Newsletter provides information not readily available anywhere else – short and timely inside updates on the economy, the D.C. political landscape, and numerous other issues that help you stay informed and allow you to be the smartest person in the room.
