CA Lawmakers exemplify definition of insanity–The more harm they cause, the more they copy failed EU States, and cause yet more harm

Consider California, Illinois EU-Style Failed States
05/22/2012 06:09 PM ET

Brown is pushing to raise California’s sales tax (already the highest in the nation) from 7.25% to 7.5%. He also wants to slap higher income-tax rates on those making more than $250,000 — while raising the state’s marginal income-tax rate on millionaires from 10.3% to 13.3% (thus establishing the highest state income-tax rate in America).

Californians don’t have to look all the way across the Atlantic to see that this approach is destined to fail. They need only look halfway across their own continent.

In Illinois, income tax hikes haven’t solved the state’s budget crisis. That’s because most of the revenue generated by a 2011 marginal rate hike was earmarked for a $4.5 billion pension payment — not the state’s $5 billion deficit or its $9 billion backlog of unpaid bills.

Of course this $4.5 billion barely made a dent in the state’s long-term pension problem.

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