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California Lawmakers Want Wealth Tax That Will Follow Taxpayers When They Inevitably Move to Cheaper States
National File ^ | 12/24/2020 | Frank Salvato

Posted on 12/25/2020 9:33:23 AM PST by SeekAndFind

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1 posted on 12/25/2020 9:33:23 AM PST by SeekAndFind
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To: SeekAndFind

Good luck with enforcement on that you Marxists

You won’t have your stupid tax agency to go after them anymore

The franchise tax board in CA is pure evil.


2 posted on 12/25/2020 9:35:59 AM PST by Truthoverpower (The guv-mint you get is the Trump winning express ! Yea haw ! Trump Pence II! Save America again )
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To: SeekAndFind

Taxation without representation. Where have I heard that before?


3 posted on 12/25/2020 9:36:08 AM PST by freebilly
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To: SeekAndFind

How can that be constitutional in a republic? I’m sure the will do it, but really.


4 posted on 12/25/2020 9:36:08 AM PST by D Rider ( )
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To: SeekAndFind

I would think that is unconstitutional, but since our court system is an extension of Beijing it’s probably OK


5 posted on 12/25/2020 9:36:09 AM PST by BigEdLB (All animals are equal, but some are more equal than others-George Orwell)
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To: SeekAndFind

Heard Rush talking about this the other day....only thing I can say is the politicians in liberal states are pure evil...and psycotic.

I’d go to jail before I let them steal my money.

Also heard NYC wants something similar.


6 posted on 12/25/2020 9:36:57 AM PST by V_TWIN (Where's Hunter???)
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To: SeekAndFind

Why not? The IRS effectively does this to ex-pat citizens. If you live overseas you are still responsible for US income tax. You also cannot renounce US citizenship for tax reasons. Why can’t statesdo the same thing?

Note, I am not saying I approve, just that the logic s the same


7 posted on 12/25/2020 9:37:54 AM PST by Fai Mao (There is no justice until PIAPPS is hanging from a gallows.)
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To: Truthoverpower

“The franchise tax board in CA is pure evil.”

They don’t set the law.


8 posted on 12/25/2020 9:38:24 AM PST by TexasGator (Z1z)
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To: SeekAndFind

The people suggesting such a thing should be fed through a wood chipper


9 posted on 12/25/2020 9:39:43 AM PST by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
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To: Fai Mao

“Why not? The IRS effectively does this to ex-pat citizens. If you live overseas you are still responsible for US income tax. “

Different. Income tax versus wealth tax.


10 posted on 12/25/2020 9:40:28 AM PST by TexasGator (Z1z)
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To: SeekAndFind

This little game is called TAC (”Try and collect”). If the assets are not within the state, it would be near impossible to reach into some extraterritorial locality and seize them.

Wealth flight is not a new phenomenon that only came into existence in the late 20th and early 21st Centuries.


11 posted on 12/25/2020 9:40:37 AM PST by alloysteel (No night is so dark, that it cannot fall into an absolute blackness. But hope springs eternal.)
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To: D Rider

What Republic?

What Constitution?


12 posted on 12/25/2020 9:40:53 AM PST by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents|Know Islam, No Peace-No Islam, Know Peace)
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To: SeekAndFind

When the Democrats have control of the Federal government people everywhere, especially productive middle class people in “red” or Republican states will be taxed heavily to subsidize the big Democrat strongholds of California, Illinois and New York. Wealth tax? Forget it. The wealthy in Hollywood, big tech , investment banks and hedge funds who are the financiers of the Democrat Party won’t be touched.


13 posted on 12/25/2020 9:42:41 AM PST by allendale
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To: SeekAndFind

Should make for a fun time when CA tries to reach across into TX to seize some assets to collect. Some leftist federal judge will probably okay it.


14 posted on 12/25/2020 9:42:50 AM PST by cdcdawg (Turn off Fox!! You can do it! )
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To: SeekAndFind

This is only the tip of the atom of the iceberg of the kind of crap that will be going on should Chinas employee Joe Bitme be unconstitutionally installed into the office of the President and the Marxists take the Senate.


15 posted on 12/25/2020 9:43:40 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: SeekAndFind

Well, if the person isn’t living in CA, and their assets aren’t in CA then good luck with taxing those assets.


16 posted on 12/25/2020 9:44:04 AM PST by Roadrunner383
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To: mrmeyer

New York and California are prime examples of why the Founders considered each state to be a “ laboratory of democracy “. The wise states would guide to unhinged states back into reality by their successes.

It’s also why Princess Pantsuit and O’Bam-Bam want to eliminate the Electoral College. That way, the suffering would be equally distributed.


17 posted on 12/25/2020 9:45:30 AM PST by BrexitBen
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To: Lurkinanloomin

Exactly!


18 posted on 12/25/2020 9:48:53 AM PST by D Rider ( )
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To: SeekAndFind
I think most of us have looked at this ... the people and companies leaving as a result of too much taxing and control ... as a mistake from which the CA lefty cabal will suffer.

I suspect it's actually by design, they are not looking to make a quick buck with these taxes. Instead - they are looking to purge and 'purify' the state. You can't round people up and put 'em in prison any more as in the Soviet Union, and you can't just kill them. But you can encourage the non-believers to leave.

It's either that and/or they are sneezing on purpose ... i.e. spreading the virus that is leftiness more quickly across the U.S. Maybe both. Oracle talking about moving to Jacksonville may be a 'ha ha' moment when CA loses them, but techies moving to Florida and Texas is actually a good things for the left.

So I don't think the lefty leadership in CA/NY etc. are dumb or necessarily overplaying their hands, and financial calamity never stood between lefties and their ideological goals. Any calamity and crisis is actually what gives them flexibility - it's a catalyst rather than an obstacle, so more and more we see them encouraging it local to them. (See Covid.)

So I don't think this stuff is 'governing mistakes' where they have moved too far to the left too fast. People leaving is probably the point.

Or not. Not being a lefty, hence not coming from that particular crafty evil gene, I find them sometimes difficult to predict or understand. I know the endgame and many of the tactics and strategies ... but sometimes their midgames are too sociopathic and cognitively chaotic for me to detangle.

19 posted on 12/25/2020 9:54:32 AM PST by tinyowl (A is A)
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To: SeekAndFind
Only the mentally deficient would come up with such a plan to tax the wealth of people leaving. Trying to tax those fleeing from your state will ensure no new companies nor investors will show up.

Everyone in the state will set up or join a bogus foundation like the Clinton Foundation. "Don't send me the check, send it to this foundation."

20 posted on 12/25/2020 9:54:56 AM PST by T.B. Yoits
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