Told Ya So

“Tax the rich” is so stupid, even a tax-and-spend liberal can learn the lesson:

I suppose it is cold comfort to New Yorkers that [Governor] Paterson is now giving his political enemies the “I told you so” treatment. Speaking to reporters recently in Albany, Paterson noted that revenue from tax increases was running 20 percent below projections and that, in particular, the wealthy were not paying up. So far, the state had only collected about half of an expected $1 billion in income tax revenues from the state’s wealthiest residents. “You heard the mantra, ‘Tax the rich, tax the rich,”‘ Paterson said. “We’ve done that. We’ve probably lost jobs and driven people out of the state.”

But I’m sure it will work just fine at the federal level. Juuuuuust fine.