What happens when you build an economy around the idea that a small minority should pay for the vast majority? The minority will eventually get fed up. From the New York Post:
“They’re able to do what they do from any place in the world, and they’re choosing to do it from places with much lower tax rates,” he said.
“Some are philosophically disgusted at the course our country is taking in all kinds of ways. They’re making a strong protest of, ‘Enough is enough,’ ” said Duggan. “But largely it’s an economic decision.”
The majority of the rich pay not only a larger share of taxes but the top 1% pay more taxes combined than the bottom 80% in our country. It isn’t just the federal government taking their money though, the states keep growing their shares as well. Take for instance New Jersey which seems set to yet again raise the taxes of “millionaires” for the third consecutive year.
