[pacpam]

The 'rich' are too few in number to outvote those who seek to take their money with the ruse - they don't need it. This is the beginning of the failure of democracy if the trend continues.

[Guillermo]

...you can afford it...

I love it when politicians determine what others can afford, what others need, etc.

[.cnI redruM]

A state tax hike on the rich. That would be stupid. Raising taxes on the people who can most easily pull up stakes and leave is a great way to guarantee reduced results.

[kingu]

Hey Burton! Here's a guy who's got plenty of bucks to burn for no good reason, and he likes giving it to RATs. Why don't you hit him up for a few billion?



And when you're done with the Soros Tax Initative, how about making the Peter Buffett Property Tax Adjustment? He seems to think that he's not charged enough, and he's got plenty of bucks to share. Really, Burton, why tick off those who are running small businesses when you got so many wonderful targets who are just eager to part with their money?

[SF Republican]

Burton is a real sweetheart; when Arnold went to meet everyone in Sacramento after the election, Burton gave him a cigar lighter that flips the finger.

[FreedomSurge]

I believe there ought to be a tax on the wealth of the super rich. The Ford family, Bill Gates, George Soros, Warrent Buffet et al. They are uniformly democrats.

The Democrates are the party of the super rich and those on the dole. The US should highly tax super wealth.

[Amerigomag]

Burton is absolutely disingenuous. He realizes that practical raises in income tax rates for the wealthy or any other sector of the populous, for that matter, will not solve California's problems.

As I just pointed out on another thread, Burton would have to raise rates 40% across the board to meet current spending levels and resolve the accumulated debt. He'd have to almost triple the rates of the "wealthy" to achieve the same goals.

Burton knows this is not practical. He would collapse the California economy.

[vannrox]

[goldstategop]

Make the uber rich socialists pay more! I want to see taxes ramped up on them so they never come back to California!

[Consort]

Sounds like Democrat Trickle Down Taxes to me: When liberals raise taxes on the rich, the rich get richer and the poor and middle classes get poorer. The rich pass higher taxes down on you and me by raising prices for goods and services that they produce. The higher prices make them more than enough to pay the higher tax -- and they pocket the rest, thereby widening the gap between rich and poor. And the higher prices we pay automatically include higher state and local taxes, as well, since they are a percentage of the price. The rich and the government get more money as a result. The poor and middle classes get double whammied in the process.

[Fledermaus]

ROFL, this is the reason California is in the fiscal mess they are in.

High income people left the state due to high tax rates while more and more lower income people came into the state. This lowers the taxable income base while the socialists services go up in supply to the lower income people that keep arriving due to generous benefits.

It's simple arithmetic.

[wayoverontheright]

Bumper sticker: Tax increases help the economy like withdrawals help your bank account.