The Coming Blue State Collapse

Edgelings/Pajamas Media ^ | February 26, 2009 | Rich Karlgaard

[giant sable]

Here’s a quick and dirty guess: Upper-middle-class families in blue states–those President Obama calls “the rich”–will soon be paying 20% more a year in state and federal taxes. If you pay $100,000 off of a $300,000 income now, look for $120,000 in a couple of years.

Federal income taxes are going up, and deductions are going down.

That much we know. What we don’t know yet–but I would bet money on it–is if the 7.65% Social Security and Medicare tax ceiling will be lifted from $102,000 to $150,000 or so.

Taxes are headed up at the state and local level too. Residents in blue states like California and New York will be socked hardest.

[giant sable]

An interesting commentary on Edgelings.com/Pajamas Media by Forbes publisher Rich Karlgaard suggesting that the very people who elected President Obama are likely to be hurt most by his economic policies.

[Danae]

One can only hope they bear the brunt of their short sided stupidity.

[psjones]

Sigh, we live in a blue state, but didn’t vote for obama :-(

[MIchaelTArchangel]

Obummer is making the classic liberal mistake of thinking he can transfuse blood taken from his right arm into his left arm after spilling 50% of it in the process in an attempt to invigorate himself.

[PERKY2004]

Drat. It's already hard enough being a conservative in California.

[Popman]

Fox news says Obama is going to raise 1,000,000,000,000 (trillion) in taxes on the wealthiest Americans.

Only a moron would believe he can raise that much money on the top 5 % of income earners in this country.

Wealth will be defined down, way down,

[penelopesire]

They better not come to Texas! Just sayin.....

[Viking2002]

The fly in the ointment is, the very vermin that voted Hussein into office and provided the catalyst for this mess may well become a migrant outflow that starts to saturate the red states, and that is unacceptable under any circumstances. Leftists have become the Typhoid Mary of Western politics and culture.

[Mrs.Z]

Let’s see....

the driveby etc. see their accountants, who say “so sorry you can’t sent your kid to Harvard cuz you can’t pay the $$$tuition”...

OH, NO! Messiah scr*** us!!

[dajeeps]

That $250K figures seems the arbitrary, finger in the air, definition of rich.

People making 250k in NYC for example are comfortable, but by no means rich just because of the cost of living there. What seems like alot of money to some people could be paupers salary somewhere else just simply because of the area they live in.

Additionally, they are using the middle-class tax cut to offset the economic cost of cap and trade. In other words, they give you money so you can then just pay it to the utility for the price increase imposed over compliance with additional environmental regulation. So don’t go spending your 13 bucks a week on anything extragavent.

[ProudFossil]

Only a moron would believe he can raise that much money on the top 5 % of income earners in this country.

Do you know of any website which lists the number of taxpayers by amount of earnings and the amount of federal taxes they paid for last year?

[2banana]

And these liberals will leave their blue state worker's paradises and wreck low tax red states...

[max americana]

I’ll one up ya. It’s hard being a conservative in Hollywood. We had to develop a ‘code” so the “tolerant’ ones wouldnt blacklist us.

[tanknetter]

Obummer is making the classic liberal mistake of thinking he can transfuse blood taken from his right arm into his left arm after spilling 50% of it in the process in an attempt to invigorate himself.

So that would make it classic blunder/mistake #3 ...after not getting into a land war in Asia and not going in against a Sicilian when death is on the line?

[Nam Vet]

Look on Rush's page (Link on Drudge) and he has the IRS figures along with a link too. (I think)

Nam Vet

[mathurine]

Rampant inflation will make the kid at the drive-in window at McDonalds a millionaire in a couple of years anyway, so even the pain will be spread around pretty good.

[tflabo]

One can only hope they bear the brunt of their short sided stupidity.

One can only hope they WE DON'T bear the brunt of their short sided stupidity.

[1010RD]

Then they move and make red states purple. Ruining it for everyone.

Can we switch back to red being communist and blue being normal?

Who dictates the colors?

[1010RD]

The Sicilian one is a bit exaggerated if you ask Rogers. Plus, you can win a land war in Asia, but not after a Watergate break in.

[Popman]

http://www.ntu.org/main/page.php?PageID=6