Gov. Pat Quinn’s “millionaire tax” question, the most recent nonbinding vote added to the bloated November ballot, is not only a misguided effort to draw his base to the polls with blatant class warfare but incredibly poor public policy. Like all “soak the rich” tax schemes, the imposition of increased taxes on high-income earners will discourage new capital and entrepreneurs from entering the state.
Detroit was not a victim of the free market, it was built by the free market — but torn down by welfarism, interventionism, and cronyism.
The Internet has flourished as a generally tax free zone and an enormous boon to our entire economy. We should keep it that way.