Libertarian law professor Richard Epstein's column this week is about golfer Phil Mickelson, California state income taxes, and the way that the "exit right" serves as a check on state power":
The golfer Phil Mickelson, who often has his name in the sports pages for his athletic feats, has recently grabbed the headlines for an unconventional reason—he has politely protested California's new maximum tax rate of 13.3 percent. For Mickelson, who pulls down $45 million per year, that tax generates about $6 million in added revenues for a cash-hungry California; he can then deduct 40 percent of that $6 million in California taxes from his federal income tax. That tax two-step leaves him about $3.6 million short. In exchange, he gets little if anything from California in return.