Where's John Galt?

Liberals love to hate on rich people. Well until it's time to pay for all those government services then it's " where the hell are all those rich people".

Life in New York without all those big fat ass bonuses....

New York state will lose a whopping $1 billion in tax revenues this year because cash bonuses to Wall Street employees plummeted 44 percent in 2008, according to a bombshell new report.

In an analysis released this morning by State Comptroller Thomas DiNapoli, he estimates that the securities industry paid its New York City employees $18.4 billion in bonuses last year compared to $33 billion in 2007 -- a drop in bonuses that will also cost the city $275 million."The securities industry has already lost tens of thousands of jobs and the industry is still continuing to write off toxic assets," said DiNapoli. "It's painfully obvious that 2009 will probably be another difficult year for the industry."

DiNapoli also evaluated personal income tax collections and expense trends, claiming the figures are the largest tax revenue percentage decline in more than 30 years.

More....