Progressive Tax Code Means Job Insecurity for Government Workers

Calafia Beach Pundit - one of the best econ/markets blogs out there bar none - highlights the latest tax data. As I have said before, the progressive tax system has given us a "key man" problem. What if that 1%, or 5%, falls on hard times? California has showed us what happens - oceans of red ink. The public sector ought to want to make the system less reliant on the rich to enhance their job security. As it is, whenever the rich hit a rough patch (or move to TX or FL), the public sector will have to layoff folks. Don't whine to me about gov't worker layoffs folks, this is the system you have created...you want to put your eggs in too few baskets, this is what you get...