Lessons from Nassau County: High taxes don’t cushion the fall of the wealthy mighty
On Jan 26th, the NYTs splashed the headline… “New York State Seizes Finances of Nassau County”. Bloomberg followed suit, but went the extra mile with their headline, New York Seizing Nassau County Finances Shows Limits of Tea Party Promises, to drag the fiscally responsible grassroots movement into Nassau County’s spending failures. Always slow on the uptake came Reuters a day later, with their headline, SPECIAL REPORT: A Long Island Tax Cut Backfires on the Tea Party.
