The New Path To Prosperity Through Increased Taxation

Capital (the markets), regardless of economic plans directed towards self-preservation, remains the dominant economic driver. The path to prosperity through increased taxation carries specific economic and social consequences. Capital which seeks the path of least economic resistance is already adapting. This will redefine the assumptions of centralized plans before they have a chance to become law.

Headlines: Illinois legislature OK's massive tax hike to cut budget gap

Illinois lawmakers on Wednesday approved major personal and corporate income tax hikes to bring the state's budget back from the financial abyss.

The state is facing a $13 billion budget deficit that must be resolved by the end of the fiscal year on June 30. This includes $6 billion in unpaid bills to social service agencies, schools, contractors and others. In addition, the state's pension plan is severely underfunded.

Source: finance.yahoo.com