Reminds me of 299 Days, book1.
And look for more taxes yet to come. California is facing a 68 billion dollar budget deficit in the next fiscal year. Even as we speak, Gavin Newsom and his boys are grappling with how to deal with it.
Since trimming spending would offend the sensibilities of a good liberal such as Gavin Newsom, tax increases and or stop gap actions such as bond sales, are going to be used to balance the budget.
Ct just announced reductions in marginal rates and the exemption of retirement income. No doubt it was an attempt to stop the outflow migration. I fled Ct in disgust in 2013. It’s an ugly planet. It’s a bug planet.
“California leavin’ on such a winter’s day”
“I’d be safe and free if I was in Texas”
California leavin’ on such a winter’s day”
Vampires
Oh they will stop. Eventually. Unfortunately it will only be after total societal collapse. The first sign will be the work from home phenomenon (remote vacationing while being paid out of the treasury). We are there right now. Next will be the grounding of all civil aviation and air carriers. Only government will roam the skies. Next will be transportation that can be stopped and curtailed by the state. (This is why they want you in electric vehicles) Your freedom to associate and travel ends when your last authorized kilowatt hour of aurhorized charge comes off the charging station. Next will be the dismantling of the US Military as we know it. They will be spending years and billions chasing around huts of Houthis with 1968 Chriscraft speed boats with Aircraft Carriers and COBRA Gunships. (Until nobody knows how to fix them or fly them because they don’t cover that in basic DEI Training.
Then they’ll vote for the same kind of pols that put them in that situation to start with.
Maryland already has a millionaire tax for individuals making one million dollars or more. It is a 6% surtax on top of the already state taxed income of more than $1 million. The year before they initiated the tax they had approximately 3000 individuals at that income level in the state. The greedy grasping politicians estimated that the could rob an extra hundred million or so from their citizens with this tax. When asked about its effects the then comptroller of MD said they’d just have to grin and bear it. Not so. The first year the tax was instituted the number of individuals with this level of income mysteriously declined to 1000. Most moved out of state or shifted their income to tax sheltered forms. So the rapacious thieves in Annapolis rather than reaping a windfall lost at least 2000*.06*1000000 = $120,000,000. Now the stupid greedy thieves are doing it again. There is nothing greedier or stupider than a Democrat politician. EXCEPT for the people who vote for them.
“Meanwhile, Jonathan Williams, chief economist at the American Legislative Exchange Council, which is an association of more than 2,000 conservative state legislators, reports that eight red states are cutting income taxes: Arkansas, Indiana, Kentucky, Montana, Nebraska, North Dakota, Utah, and West Virginia. Oklahoma is set to cut rates this year to as low as 2 percent. Several of these states now have flat taxes, not tiered “progressive” rates. Every state on this list is a red state, except Connecticut.”
Only reason Florida and Texas aren’t on that list is because their state income taxes are so low they basically cannot be cut further.
leaving WA state now - most of my income is investments and that cap gain tax was the last straw. Also good not to have to pay Imbecile’s carbon tax.
They’ll not only ruin out of other people’s money They’ll also run out of rich people.
If there were a flat rate of 100%, these people would complain that it wasn’t high enough.