Posted on 08/27/2008 1:33:29 PM PDT by John Jorsett
this guy needs to disappear.
Well, you have to give the little fascist credit for his restraint. He only wants 55%, after all. :-)
“... and penalize people who leave the state by seizing 55% of assets exceeding $20 million.”
Yup. You could see this coming.
When the productive folks gather up their goods to flee, let them go, but keep “the goods”.
Make no mistake. Perhaps not this time, but SOMEday this is going to become law in California as the EuroAmericans continue to desert that state in ever-increasing numbers.
Whether such a law can be constitutional or not, may have to be decided by the United States Supreme Court. But it WILL come, someday...
- John
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
People Who Need To Be Punched In The Face List®
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Did you mean I-10 East?
There’s rich and then there is filthy rich.
I’m neither.
but this is really dumb.
We want rich people to live here.
Don’t we?
Dunno about that but there was a Little Lulu comic book back circa 1949-50 where Lulu tells Alvin a story about a spendthrift King who comes up with the idea of putting a tax on taxes; "and taxes on taxes on taxes! And taxes on taxes on taxes on taxes!" At the end, he's taken away by the men in white coats.
Of course, that was in the Old America.
Ex-governor Celeste of Ohio tried this exit tax idea years ago. He got a law passed where any company that closed its doors and left Ohio would have to leave behind a sum equal to 6 months payroll as an exit tax.
After the bill went into effect, Celeste was scratching his head trying to figure out why new company starts in Ohio had dropped to zero. The state legislators quickly rescinded the bill and things got back to normal. CA might try to see the lesson here: people and wealth are highly mobile.
Does anyone in CA realize that another option is to reduce spending rather than raising taxes?
Even if they could somehow hang onto people that are there, the state would die a slow death as no one would be interested in moving to California. Their pool of talent would be limited to those already there, and any that did decide to leave wouldn't come back.
Talented people would be encouraged to get out while they were young and before the accumulated a lot of assets. It would be worth it to take the huge hit once and get out from under the oppressive taxes for younger people, and maybe even older people since they know their estates will be taxed just as heavily on their deaths anyway.
California might get a quick infusion of tax dollars (which they would undoubtedly spend quickly), but their tax base would quickly dwindle to nothing.
I sure did. Now I look like I’m from California.
“Put these Tax on the colonies tea”
“But your Majesty. These are Carpet Tacks”
“WELL THEY’RE TEA TAX NOW! BWA HA HA!”
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I reckon California will next build a Berlin wall to keep the affluent from escaping.
This has ZERO chance of passing, even here in liberal California. Why not? First, well over a third of the state is Republican and will vote against it on principle alone. Second, this proposal takes two serious shots at the SF Bay Area, which accounts for almost half of the liberals in the state. It would force them to drain and restore Hetch Hetchy (a very unpopular idea in the bay, even among liberals). Second, the Bay Area liberal element is directed by the Marin moonbats, who tend to be very wealthy. They are usually liberal right up to the point where you put their PERSONAL wealth at risk.
The only people who are going to support this will be the liberal rabble in L.A., and there aren’t nearly enough of them to get this passed.
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