NY State Closing In On My Prediction

In 2008, I predicted New York State's tax receipts would be down 40%. Today comes news that they are on track to be down 36%. Our clueless governor stills thinks we have a revenue problem, when we have a "key man" problem. You would think that all these progressives in the universtities and public sector unions would clue in - the steeper the tax code's progressivity, the more job insecurity for them. You could call it the revenge of the Laffer Curve.