Rather than drastically cut government spending, some New York bureaucrats are going after the state's top wage earners to plug budget holes.

Bloomberg reports on a proposed new tax bill: "The bill would increase the income tax rate for those earning more than $250,000 a year by 1.4 percentage points to 8.25 percent; for those earning $500,000 to 8.97 percent, and for those who earn $1 million to 10.3 percent."

Ayn Rand's free market manifesto Atlas Shrugged is the tale of the moochers (bureaucrats and welfare cases) attacking the productive, earning members of society in a misplaced attempt to stave off financial catastrophe. A passage of this bill sets New York down that path.

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