Obama enjoys excoriating the rich. Telling them that they "aren't doing their fair share" and will, by God, be doing more.
The rich? They shake their heads in dismay. And in ever-increasing numbers, leave.
Number of U.S. Expatriates Continues to Soar
It starts at a trickle. And will grow.
As California and other blue states are finding out - the hard way - you can tax the crap out of those with money, but those with money also have the means - to pack their bags and move to the Caymens. A crushing tax on someone who ain't there no more is going to get you squat in the end.
Just ask the controller for the state of California.
Who, by the way, is John Galt?