What, Raising Taxes Doesn't Balance The Budget and Bring Prosperity?

Connecticut Governor Plans Income Tax Hike - WSJ.com: "Since the income tax became law, Connecticut has experienced a long, slow exodus of jobs and people. The Yankee Institute notes the astounding fact that since 1992, the year the income tax went into effect, businesses in Connecticut have hired a grand total of zero net new workers. This is while the nation added 22 million jobs and despite the Wall Street boom. As the tax burden has surged, the state lost population to other states (a net 113,000) in every year but one over the last decade.

What the income tax did stimulate was a spending binge and big pay raises for the state's unionized government workers."

In case you didn't learn this lesson from Europe, California, New York...