Day after day, the middle class keeps leaving California. The wealthy areas such as San Francisco and the Silicon Valley boom. Yet the state has nearly the highest poverty rate in the nation.
These Blue States Have Tried the Elizabeth Warren Model. Their Residents Are Fleeing
By Heritage Foundation Steven Moore——Bio and Archives--April 20, 2015
Massachusetts Sen. Elizabeth Warren recently appeared on one of the late night talk shows, beating the class warfare drum and arguing for billions of dollars in new social programs paid for with higher taxes on millionaires and billionaires.
In recent years, though, blue states such as California, Illinois, Delaware, Connecticut, Hawaii, Maryland and Minnesota adopted this very strategy, and they raised taxes on their wealthy residents. How did it work out? Almost all of these states lag behind the national average in growth of jobs and incomes.
So, if income redistribution policies are the solution to shrinking the gap between rich and poor, why do they fail so miserably in the states?
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