Tax the Rich [California budget crisis]

San Gabriel Valley Tribune ^ | June 18, 2002 | Chris Rizo

[snopercod]

Gee, this is a surprise!

(Sorry for the funky formatting. The focus software seems to have changed somehow)

[snopercod]

Did any of the "big" California papers carry this?

[goldstategop]

The only thing they haven't taxed yet are the dead.

[Cacique]

Ahh, this is wonderful, they should pass confiscatory taxes on all those Hollywood moguls so they can't later contribute to commie candidates and invest in crappy motion pictures that are not even fit to be seen by retarded pigs.

Probably too much to hope for anyway. They probably will tax only registered Republicans. I bet democrats already have loopholes in place for the "artistes" of WoolyHood.

[snopercod]

The only thing they haven't taxed yet are the dead.

Doesn't California have a punative estate tax?

[goldstategop]

Nope. That was repealed in 1982 by a voter initiative.

[DB]

I can't write what I think of these guys here...

I'd get banned for life.

[goldstategop]

Jim Robinson wants us to be civil towards domestic adversaries. On the other hand we don't have to regard their nutty ideas with esteem.

[RWG]

Taxpayers, they say, could deduct any increase on their federal tax filings.

Great, so no matter how they stick it to themselves in Kalifornia the rest of us get it in the end.

[Salman]

If you tax them, they will leave.

[chainsaw]

The filthy rich California liberals are not going to like this.

[rollin]

Actually, they do. It is called the estate tax or have you not heard.

During your lifetime, you pay about 40-50% of your income in taxes and then if you are successful, the state and federal governments want over half of the balance.

You are nothing but a chattel. A far cry from the English serfs who only had to put up with a 15% tax.

[goldstategop]

Its payable to the Feds. We wiped it out in California some decades ago as I mentioned.

[randita]

Where's Willie Nelson when you need him? The Hollywood crowd should do a benefit--"CalBudgetCrisisAid" or should it be called "SaveDavis'sRearEndAid"?

C'mon, all you bleeding heart liberals--cough up some dough to help the poor, starving folks right in your own back yard. Babs, Steven, Rob Reiner, Whoopi, Rosie, put your money where your mouth is.

[tdadams]

"Why can't the people who can afford it the most share in the solution?"

Mostly because they didn't have a share in creating the problem. When California quits coddling and encouraging illegal aliens to avail themselves of the state's public benefits, then the people will know the state is serious about finding a solution to the budget crisis. Until then, no one should feel compelled to give another dime.

At some point, wealthy Californians will bolt the state (like Matt Drudge did) if they keep getting fleeced. Atlas will shrug.

[tdadams]

"A tax on higher-income families is better than spending reductions in many cases,"

Better for whom?

[tcostell]

I am as against the idea of a graduated tax as anyone on FR, but let me offer another perspective.

If a punitive tax is levied on the California rich, much of the people effected will be in the entertainment industry. Since this is the core of the Clinton Democrats, a high tax might push them into the waiting arms of the libertarians.

Just a thought.

[B. A. Conservative]

"If you tax them, they will leave."

Exactly.

My college room-mate lives in California. He told me that the seeds of the next depression are to be found here. When the capitalists leave, they take their capital and their businesses with them. The jobs follow the business. All that is left behind is the real estate and mountains of debt that will be liquidated at enormous losses. That is deflation in a nutshell.

It is going to start in Kalifornia and spread to the east coast, and then to the rest of America. Japan is already beginning to export it to Asia and to some extent to America as well. Look for GM and Ford to encounter falling sales and lower prices as the Japanese attempt to export themselves out of their existing predicament. It will spread from Japan and the US to the rest of the world.

Greenspan and the other G3 central bankers will print money galore in response. Governments will fall and be replaced. Ours will be among them. But out of the ashes, we should see the secessions of states that form smaller republics with Constitutions patterned after the one we currently ignore. Hopefully, some these will be freer and great places to live.

My advice to Californians, is get out now and avoid the rush and its aftermath.

[hchutch]

IMHO, civility is a two-way street.

We owe our opposition no more civility than they have given us.

[FateAmenableToChange]

"A tax on higher-income families is better than spending reductions in many cases," said the group's executive director, Jean Ross, adding that increasing taxes on the rich would be "the least potentially harmful tax increase on the economy."

ROTFLMAO. Another leftist moron who believes that the "rich" don't respond to economic incentives like lower taxes in neighboring states.