Posted on 03/31/2011 9:01:28 PM PDT by SmithL
Think the budget negotiations are dead? Get ready for something that could contribute to a Plan B: Tax the rich.
We just got our hands on a new poll due out Friday that shows blow-the-roof-off support for something that has only been mumbled about in the most progressive corners of the Dome: Increasing taxes one percent on Californians making more than $500,000. It would raise $2.5 billion towards the state's $26.6 billion deficit.
We explored this issue weeks ago, but few would talk it up then. But now, they might.
How high is the support? Try a whopping 78 percent. Even 60 percent of Republicans and 79 percent of independent and other voters backed it, too.
"Those are the highest numbers I've ever seen. On a tax scale -- that's pretty much a perfect score," said Lenny Goldberg, executive director of the California Tax Reform Association.
The poll, conducted by Democratic pollster Ben Tulchin and sponsored by the California Federation of Teachers, is opening eyes as part of a potential Plan B for solving the budget deficit with its bi-partisan support.
(Excerpt) Read more at sfgate.com ...
What do they do when half those people move to Texas?
Oh yeah, that will work. In 2008 Oregon voters passed an iniative to increase the taxes on the rich. revenue fell by 30% and a 1/3 of the “Rich” left the state.
“What do they do when half those people move to Texas?”
Thats my question. What happens when all the producers leave and only the parasites remain?
“...move to Texas”
We tried for years, unsuccessfully, to recruit physicians to Texas from some excellent training programs in CA. They would get here, say, “Where is the beach? Where are the mountains? I am outa here.”
No longer. I meet more and more refugee physicians from CA that have moved to TX. The new land of opportunity.
The answer to your question is: Let them see how useful all those illegal immigrants are when it comes to trying to boost the tax base.
As an indication, between 2003 and 2007 New York State lost nearly $5 Billion in taxes because of the difference in income between those moving out and those moving in.
Or Nevada or Washington, neither of which have income taxes.
If there is ~70% support for increasing the taxes on the rich, then my fellow Californians are nuts. The whole reason state and local spending has gone up here is because we’ve become attractive to the have-nots. Shouldn’t we discourage them by flattening the taxes rather than discouraging the wealthy with higher marginal rates ?
Our income tax already goes up to 10%, and our sales tax also goes to 10%. If those two taxes were FLAT — applied to all income and all sales — they would only need to be 4% each. And that would actually attract businesses and wealthy to the state instead of driving them away.
Attention Neighboring States: Prepare yourself for the next wave of immigrants!! *Of course, these will be legal ones.
78% support for raising taxes on the rich?
Heck, when the 22% move out of state, Jerry can claim it’s now 100% support!
Job creating entreprenuers don’t need an exit visa from California.
Once you understand the lexicon, Morford's home (or Homo) newspaper is easier to decipher.
Federalize state taxes.
I suspect that they only polled teachers!
Cut the school budget another 25% and make the districts lower the teacher pay and benefits and fire the deadwood!
Leave the “rick” alone, they pay too much in taxes now!
I don’t believe the story. This a San Francisco paper, maybe in San Francisco.
lolololol
“What happens when all the producers leave and only the parasites remain?”
Why isn’t this question being asked more in the public arena ? Political correctness has run amok when we can’t even point out the cause of the problem without being reviled as racist and uncaring.
We need full employment, so why isn’t everyone asking: “What can the government do to facilitate job creation ?” Answer: “Stop taking half of businesses’ profits in income taxes and eliminate regulations to make America the best place in the world to run a business.”
We need to make health care more affordable, so why isn’t anyone asking: “Why do we allow governments and the tort industry to take half of doctors’ incomes ? Won’t they just pass it along to patients, and doesn’t that raise health care costs ?” Answer: “Doctors are rich. If we don’t get huge taxes from them, and plaintiffs don’t get huge malpractice awards, we won’t be able to redistribute doctors’ wealth.”
Why not just kill the Rich and take their money?
That way they won’t have to wait a whole year to get their hands on the big bucks.
We are doomed...
My husband says that when the states go bankrupt, the “price” for a bailout will be that state operations and the power to tax (i.e., state sovereignty) are forfeit to the FedGov.
Did you see Bill Whittle’s video on eating the rich? It was a riff on Iowahawk’s recent article about how all their money would run the government for ONE YEAR. Then what?
The funny thing is that the Gubmint could take every penny from every “Rich” person and they couldn't cover the Deficit, much less make a dent in the National Debt.
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