Well, if enough big money makers LEAVE TAXIFORNIA, then who will pay their part of the cost of Moonbeam’s illegal voting army??? Yes, the rest of the Taxifornia residents. Just like the coming 70 cents per gallon gas tax INCREASE in 2020. All to pay for DemocRAT power and control through demographic destruction.
And the stupid voters put these schmucks into power and keep them there.
We are talking very few people. And they won't all move to the same state.
The idea is ludicrous.
How can anyone making a lot of money be a lib? If I was rich I would want to keep it all, just like I do now.
Removing SALT deductions will literally drive a stake through their progressive hearts.
Drop federal welfare for illegals, and now california has a real problem.
When 10% of the workforce in your state are illgals who also collect welfare, that cheap federally subsidized labor is going to get expensive real fast.
Don’t forget the social costs of taking care of all of those anchor babies too.
Maybe california can ask mexico to help cover the costs of their citizens illegaly squatting in the US. Then again, mexico is a failed narco-terrorist state that’s one step above north korea on the treachery-dictatorship scale.
There is already a cap on the home mortgage deduction, so many in the upper middle are looking at something of a wash. But at the top end, those paying at the California top rate of 13.3% (which is obscene) are going to get soaked. The people making income of millions - and including the people who make capital gains incomes - are going to get upwards of a 10% tax increase. That’s a lot of money for people with million dollar incomes.
So the funny thing is, the left have been crowing “tax the rich” and “the rich need to pay their fair share” for decades and finally get their dream and they are in utter shock.
I am personally not a fan of this. I think the 16th Amendment must be repealed. No person should have pay taxes just to support herself or a family. But this is a good political move. I know that the end of income taxes are not near. But anything that will force the conversation to move beyond platitudes and force people to think deeper, to demand accountability, to look at the cost of government, the waste, the lopsided incomes and benefits, as well as to simply begin to question what we want government to do and what may be best left to private sector is a good thing.
bkmk
I still don’t like the idea of paying taxes on taxes of any kind. Don’t think that makes me a liberal though.