A wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration. - Reuters
This is what is going to happen in California and the U.S., more and more; people and businesses don't stick around to face higher and higher taxes! This place in Switzerland is booming because they lowered taxes. China's car sales are booming because they lowered taxes. Government revenues in the U.S. always swell after we lower taxes! Why all this about raising taxes? Because people want control and payback - not necessarily more money.
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