Following up on Monday’s post, Golfer Phil Mickelson Plans ‘Drastic Changes’ in Response to His 63% Marginal Tax Rate: Wall Street Journal editorial, The Mickelson Vote:
Lefty Offends the Lefties:
California golfer Phil “Lefty” Mickelson says he will no longer
publicly criticize the government for taking most of his paycheck.
That’s a shame. But even if it’s now socially unacceptable for high
achievers to suggest they should keep the fruits of their labor, that
doesn’t mean they will keep supplying that labor….Mr. Mickelson was beginning to spark a useful conversation about the
way that confiscatory tax rates discourage productive effort. But the
critics began to emerge on various websites, and, alas, on Monday night
the golfer took a rhetorical mulligan. “Finances and taxes are a
personal matter, and I should not have made my opinions on them public,”
Mr. Mickelson said in a statement. “I apologize to those I have upset
or insulted, and assure you I intend to not let it happen again.”Too bad Lefty will no longer help
educate the lefties on the incentive effects of marginal tax rates. But
he can still vote with his Gulfstream and take his tour winnings and his
endorsement income to a more friendly locale, such as Florida, Nevada
or Texas. All three still have no state income tax, which may be one
reason Tiger Woods and so many other golfers (including many Europeans) also live in Florida. Expect a continued migration.



