The Millionaires Tax - A Double Failure (Socialism Doesn't Work In California Alert)

Flash Report ^ | 12/16/2008 | Jon Coupal

[goldstategop]

Californians tried socialism by pummeling the rich to pay for mental health programs. It didn't work. Guess what millionaires do when they're overtaxed? The chances though of the Democrats learning anything from the Proposition 63 disaster are zero.

"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

[realdifferent1]

California counties of Los Angeles, Orange and San Diego had the 1st, 4th and 6th highest number of millionaires in the country. However, even as the national population of millionaire households grew by 5.9% in 2007, Los Angeles County lost about 7000 of these households. Orange and San Diego Counties lost millionaire households as well.

What a useless paragraph.

[wac3rd]

Punishing success while allowing millions of illegals to run rampant and kissing the boots of every labor union in the state...all while “going green”.

I hate this place.

Take Prop 8, Hollywood, gang bangers and Berkeley, it’s yours.

[Tzimisce]

...bet you a dollar that most millionaires voted for this prop 63 or whatever it is.

[goldstategop]

People are leaving California for states where they can effectively cut their tax burden in half. Would you rather pay more or pay less? Its human nature to want to pay less. But to hear it from the Governor and the Democrats, California has a revenue problem! Au contraire.

"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

[goldstategop]

Class warfare envy. Punishing the rich doesn't help the mentally ill, now does it? As long as people believe others aren't entitled to keep what they earn, we will continue to have conflicts about the role of government in this country. And for those who believe government is the solution to all of our problems, there will never be upper limit to how much revenue it needs to solve them.

"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

[Red Badger]

When California millionaires choose to become Florida or Nevada millionaires, the consequences to the state’s economy is profound.

Yes, they then bring that liberal socialism virus with them and immediately it starts to metastasize in their new digs. Then they look for their next new home, while leaving their old place in ruins..........

[sickoflibs]

I hate to say it I think politically we need to throw millionaires under the bus federally to break the Republicans only for rich label GWB has left us with (it wasnt the tax cuts, but that plus massive federal contracts and bailouts together.) We should call on democrats to raise their taxes, but draw the line at 1M. Why that number? It sounds good politically. This is not to raise tax money but to counter damage already done.

I understand this article but the voters dont, they see BoB as saving them.

[Lorianne]

I wonder if it was Democrate millionairs who left?
Wouldn’t surprise me.

[NormsRevenge]

California gubamint has not shortage of stupidity in its ranks... considering the Gub is a multimillionaire, how long before he leaves too? none too soon.. unfortunately ;-)

[sickoflibs]

Maryland and Virginia already happened , see my comment #8

[rottndog]

As a long suffering Californian, I have only one thing to say...

[realdifferent1]

I may not have gotten my point across.

I meant 'useless paragraph' because if you look at all the numbers, percentages and ranking of states, they bear no relationship to eachother.

As far as your points though, you are right; folks are beating feet out.

[rottndog]

I wonder if it was Democrate millionairs who left? Wouldn’t surprise me.

Plenty of Hollywoodiots that are residents of other states. High taxes are for thee...and not for me!!

[all the best]

Thou shall not covet thy neighbors’ goods. PERIOD. Doesn’t matter how rich he is.
But then covetousness drives U.S. politics and government at all levels. No wonder we are headed for collapse.

[Tzimisce]

I didn’t say it did.

What I said was that I’m guessing most of the rich (who are now fleeing California) probably voted for these tax hikes.

[Maryland Man]

We should not give up our principles because we are concerned about what others think.

That is what we have RINOs for.

[B4Ranch]

>I wonder if it was Democrate millionairs who left?<

You got it. They came to Reno and changed us over to a blue majority.

[gakrak]

And I'll see your $1 and raise you $2 that the majority of the millionaires did not vote at all. Amen.

[sickoflibs]

RE :”We should not give up our principles because we are concerned about what others think.”

That is EXACTLY why we lost 2 elections. Democrats poll test everything.

That bus is long gone via GWB and others. By standing for massive federal contracts, bailouts of risky investors, massive deficits all with the higher income tax cuts we have lost the PR war. The voters gave Obama the tax issue over McCain, why? He had a consistent message to tax the rich but cut ‘your taxes’. McCain was trapped by GOP history when defending rich and corporations who are seen to benefit from contracts and bailouts. So now when they propose massive spending programs to cure the economy our winning argument is? Later they declare a debt crisis (GWB’s fault) to raise taxes our winning argument is? You cant abandon so many key principles and then hang on to a few that look bad politically, looking hypocritical, and expect to win anything.

Lastly, the super rich tend to overwhelmingly support democrats, did you know that? Why should we pay higher taxes to try to defend them? National Review had a great article on losing 2008. We need a middle class message and I dont mean 70K like Obama.