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California Activist Proposes Wealth Tax and Probably Unconstitutional Exit Tax
Tax Policy Blog ^
| August 25, 2008
| Joseph Henchman and Paul Galindo
Posted on 09/05/2008 12:21:19 PM PDT by BookmanTheJanitor
click here to read article
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didn't see this posted yet. Nice to see the spirit of Marx alive (ughh)
To: BookmanTheJanitor
The measure would impose a new 35% income surtax (in addition to federal taxes and the existing 10.3% top state rate), and penalize people who leave the state by seizing 55% of assets exceeding $20 million.This is the kind of thing tinpot dictatorships in latin America do.
Why should we be surprised?
2
posted on
09/05/2008 12:23:27 PM PDT
by
skeeter
To: BookmanTheJanitor
Guess I won’t be working in Kalifornia anytime soon... if EVER!!
3
posted on
09/05/2008 12:24:24 PM PDT
by
gwilhelm56
(Orwell's 1984 - to Conservatives a WARNING, to Liberals - a TEXTBOOK)
To: BookmanTheJanitor
If this goes through, it will be interesting to see how many left winger Hollywood types move the hell out of CA.
Liberal until it hits you in the wallet!
To: BookmanTheJanitor
Re: “penalize people who leave the state by seizing 55% of assets exceeding $20 million.”
Then they should send the assets beyond the reach of the state before they leave and, when the state tries to collect, give it the one-fingered salute.
5
posted on
09/05/2008 12:24:35 PM PDT
by
Winged Hussar
(http://moveonpleasemoveon.blogspot.com/)
To: BookmanTheJanitor
Wow, what’s next? A wall, barbed wire, and guards with dobermans and machine guns?
To: AmericaUnited
That is precisely what is next!!
To: AmericaUnited
That is precisely what is next!!
To: BookmanTheJanitor
This is Stalinism at its best. It will be challenged. The IDIOT LIBERAL VOTERS of Taxifornia just keep voting these Marxists back into power and they just keep getting more radical because the people ARE STUPID and they don’t stop them.
Thank You liberal voters, you fools!!!
9
posted on
09/05/2008 12:26:38 PM PDT
by
EagleUSA
To: BookmanTheJanitor
A good argument for moving jobs, and taxpayers, out of California. We will be glad to have the high-wage workers (less than 4% state flat tax plus 1-1.5% local wage tax) in Pennsylvania, as well as the jobs that go with them.
10
posted on
09/05/2008 12:26:57 PM PDT
by
Winged Hussar
(http://moveonpleasemoveon.blogspot.com/)
To: BookmanTheJanitor
People should get of of Kalifornia now, while the getting is good!
11
posted on
09/05/2008 12:27:04 PM PDT
by
A.Hun
(Common sense is no longer common.)
To: bamahead
12
posted on
09/05/2008 12:27:23 PM PDT
by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: BookmanTheJanitor
Its just BS from the usual weirdos, grandstanding because the legislature can’t do anything about Prop 13 supermajority requirements to raise taxes.
They’ve tried to just plain repeal Prop 13 - failed. This is just the same with extra whackjob sauce. No way, won’t happen.
13
posted on
09/05/2008 12:28:47 PM PDT
by
buwaya
To: BookmanTheJanitor
To: gwilhelm56
Do Diane Feinstein and Nancy Pelosi support the measure?
15
posted on
09/05/2008 12:29:22 PM PDT
by
Perdogg
(Maverick - Barracuda 2008)
To: skeeter
**... and for purchasing controlling shares in large corporations. **
WOW ... using NAZI monetary policy to employ a Capitalistic method of instituting Socialism.
Karl Marx is rolling in his grave saying ... “WHY didn’t I THINK of THAT!!”
16
posted on
09/05/2008 12:29:30 PM PDT
by
gwilhelm56
(Orwell's 1984 - to Conservatives a WARNING, to Liberals - a TEXTBOOK)
To: BookmanTheJanitor
I guess Kali has to pay for all those illegal aliens.
17
posted on
09/05/2008 12:29:49 PM PDT
by
CodeToad
To: BookmanTheJanitor
I heard that someone was starting to make Atlas Shrugged into a movie but I didn't realize they were pursuing this in real life. It will be interesting to see what the Hollyweird liberal set will do if something like this were to actually get imposed. Maybe they'll all use the excuse that with a McCain-Palin winning ticket they'll all want to move to France (or maybe the Cayman Islands). High marginal tax rates can have that "incentive" value.
18
posted on
09/05/2008 12:30:20 PM PDT
by
ReleaseTheHounds
("The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.")
To: BookmanTheJanitor
Paging Dagny Taggart - Dagny Taggart please pick up the white courtesy phone.
19
posted on
09/05/2008 12:30:35 PM PDT
by
NY.SS-Bar9
(DR #1692)
To: BookmanTheJanitor
Anything this loony passes, and there will be a mass exodus out of California faster than you can say recall.
20
posted on
09/05/2008 12:30:43 PM PDT
by
Desdemona
(On top of everything else, the Palin pick coaxed this FReeper out of posting and pinging retirement.)
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