[BookmanTheJanitor]

didn't see this posted yet. Nice to see the spirit of Marx alive (ughh)

[skeeter]

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?

[gwilhelm56]

Guess I won’t be working in Kalifornia anytime soon... if EVER!!

[Slapshot68]

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!

[Winged Hussar]

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.

[AmericaUnited]

Wow, what’s next? A wall, barbed wire, and guards with dobermans and machine guns?

[EagleUSA]

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!!!

[Winged Hussar]

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.

[A.Hun]

People should get of of Kalifornia now, while the getting is good!

[bamahead]

bookmark

[buwaya]

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.

[AmericaUnited]

[CodeToad]

I guess Kali has to pay for all those illegal aliens.

[ReleaseTheHounds]

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.

[NY.SS-Bar9]

Paging Dagny Taggart - Dagny Taggart please pick up the white courtesy phone.

[Desdemona]

Anything this loony passes, and there will be a mass exodus out of California faster than you can say recall.

[devere]

I support the right of initiative and referendum.

California for all of its problems at least has a lot more democracy than the state I live in.

Of course the stupid proposal outlined in this article will never pass, if it were ever to reach the ballot.

[ladtx]

Why don’t they just cut out all the mumbo-jumbo and send the IRS around to every house and demand their money. “Eencome tax? We don’ need no steekin’ eencome tax!!.”

[N3WBI3]

“The money raised would be used to eliminate the state’s budget deficit and for purchasing controlling shares in large corporations.”

Ahh so there it is, back door communism... state ownerhsip of private property..

[GOP Poet]

If this gets too far the (People's) Republic of California in which I live in is going to find themselves the recipients of a modern day tea party. People will say rightly on this site, "you're kidding right? There is no fire left in the few conservatives left in that state. Look who you put up for Governor, especially when you had McClintock as an alternative." I would say, you are right.

However the Palin factor may have taught us something and that is out of nowhere one thing or person or push can turn the tide into a whole other reality and push back the flood waters that have been slowly drowning the regular people folks of California. Maybe it is time for us Californians to rethink this state and start shouting and moving with, "PALIN POWER!" We all know what that means now. We need to get back in touch with our BARRACUDA BALLS! :-)

[dashing doofus]

Oh too cool. Confiscating private assets and using the money to purchase private companies!

Yes we can!!!

LMAO.