Once again another state decides that the only answer to its budgetary crises is to raise taxes. Let’s come up with some serious spending cuts before we look in this direction. These NY guys are second only to California in their idiocy. I can only hope that the truly rich rise up against this and deliver a hearty “Fuck You” to the New York legislature by moving to Connecticut or other lower tax states.

The top 1% pay 40% of the taxes. That’s not just unfair, it’s borderline confiscatory – although it’s roughly in line with the breakdowns for the federal income tax – it doesn’t make it right. Send the message that there’s a negative consequence to excessive taxation. One thing about the “rich”, they can generally afford to leave town. I really hope they flee New York (and California) and move to enlightened states like Florida, Texas, and New Hampshire, where the freedom of the individual from taxes is ingrained in the state culture. New Hampshire (where I live) will go bankrupt before we see an income tax.

New York is especially assinine – I mean c’mon – a tax on soda? How moronic can you get? At some point it feels like the states have collectively lost all common (and fiscal) sense. When times were flush, they spent and spent and spent. Now, as they face the harsh reality of a near financial collapse, they want to tax more (147 new taxes in the NY budget) to keep the party going. Time to understand what families and individuals have known for years – smart people live within their means. Learn it, live it – stop spending.