Illinois governor Pat Quinn raised the corporate tax rate from 7.3 to 9.5%. Now businesses are threatening to leave. Another example of a liberal policy that is backfiring. The theory sounds good to liberals: "Tax the greedy corporations." However, the reality is when you do that corporations will flee to more tax friendly states.
Local states and the Federal government seems to forget this. They are doing the same thing to the US Dollar. They are making the dollar watered down and have less purchasing power. The result will be that people will flee from the dollar to gold or something else that has real value or at least maintain its value.