When will they ever learn?

Great Britain has instituted tax on incomes and it failed to generate the expected revenue. 

So it only missed its target by 50%. Not bad for government work.

The same thing happened in Illinois and New York when they raised taxes on the supposed rich. The result was less revenue than they expected. And in the case of New York, the flight of thousands of millionaires to friendlier climes.

….read more HERE