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realclearworld

Going Galt?

The golfer Phil Mickelson may be considering cutting back his career due to the confiscatory tax rates he pays. Who can blame him...

Well, it’s been an interesting offseason. And I’m going to have to make some drastic changes. I’m not going to jump the gun and do it right away, but I will be making some drastic changes.

[...]

There are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state and, you know, it doesn’t work for me right now. So I’m going to have to make some changes.

[...]

if you add up, if you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate’s 62, 63 percent. So I’ve got to make some decisions on what I’m going to do.

As a Twitter user writes, higher taxes equals less economic growth.

Period.

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