The rich won't stay around to get soaked. http://online.wsj.com/article/SB124260067214828295.html What it comes down to is this, the states with some of the highest tax loads have little to show for it. They have bad performing schools combined with the highest pay and benefits for PUBLIC sector employees. Well when they run large deficits what is the favored scheme of politicians? Soak the rich. Pure class envy which preys on the worst of human traits : jealousy. Trouble is, the rich don't necessarily stick around to get pummeled with the taxes or adjust their income and investment to reduce their burden. Most just move. Which sinks the boat further. Look at their example comparing California/New York/New Jersey to New Hampshire. You can probably go point to Michigan as yet another example of taxing businesses and people till there is none left. The fact is, you cannot pay for your needs off of other people's labor. My favorite BJ quote is... "I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I traveled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer." -- Benjamin Franklin, On the Price of Corn and Management of the Poor, November 1766 Who is John Galt.