But that was not nearly enough for the Teflon Leprechan, whose inaugural address was filled with 1930s-era class warfare talk about the undeserving rich in the state, the haves and have-nots, the evils of corporations, bla, bla, bla. And all of a sudden, out of the blue, the state bureaucracy announced that, lo and behold, they are "projecting" a $1.7 billion budget deficit. "Huh? Where did that come from?", was the initial response of almost everyone.
It came from "projected" massive spending increases on the black hole of government-run school monopolies, which is essentially a giant payoff to the teachers’ unions that were instrumental in getting O’Malley elected and has nothing to do with "education" per se. Like all other states, the more Maryland spends on its rotten government schools, the worse they get in terms of student performance.
So in order to pay off his campaign debts with taxpayers’ money, O’Malley has proposed a surge of tax increases. His major objective, besides raising money, seems to be to incite envy and class warfare. With stern talk about the "unfairness" of "the rich" residing in the state, he has proposed increasing the state income tax rate from a flat 4.75% to 6% for families with incomes over around $200,000 per year and 6.5% for those with incomes above $500,000. In Maryland there is a state income tax and a local "piggyback" tax (isn’t that a cute and cuddly name for a tax?). The latter averages about 2.5%, which means that, for the families or small business owners with $200,000 in income, their tax rate will be 8.5%, much higher than in any of the surrounding states.
Maryland gets what it deserves! The idiots who voted for him won't have anything better in the near future, won't enjoy prosperity, and will not have a better life. They never have under a Democratic administration. They have been struggling through promises for over 35 years that government would help the little guy, and not one of the promises have come true.
Read the entire article at LewRockwell.com