No matter how Walczak breaks down the proposed constitutional amendment, the numbers are astounding. It would increase the top marginal income-tax rate to 18.05 percent. That’s 7.05 percentage points higher than Hawaii, the next highest state, and 12.75 percentage points higher than the national median. It would increase taxes by an average of $12,250 per household. “All told, the new tax package is intended to raise an additional $163 billion per year, which is more than California raised in total tax revenue any year prior to the pandemic,” he writes.
-Bob
So glad I left that shit hole!
ReplyDeleteThey've never heard of the Laffer curve, then
ReplyDeletehttps://en.wikipedia.org/wiki/Laffer_curve
They quit paying, I order the Guard and police to start up some chevauchees. The peasants will either pay with their money or their lives. Ideally, first the former, then the latter.
Delete- General Secretary Newsom
With anyone worth a penny leaving the state, the people dumb enough to remain must pick up the slack paying taxes.
ReplyDeleteYou would not want to expect California to stop spending money now would you, especially with them just announcing they want to provide healthcare to every illegal in the country and on the way?
(Legals can go to hell of course).
and they think they have a problem with migration out of the state now?
ReplyDeleteNo, 'they' don't think that at all. 'They' think the people that are leaving are the ones that don't agree with 'them'. And to the people leaving 'they' say "Don't let the door hit you in the ass on the way out. And thanks for making room for the New Californians".
Delete"and they think they have a problem with migration out of the state now?"
DeleteHence the law that they can still charge you with taxes for 10 years after you leave. Collection may be a problem, but hey...
They'll need it to feed their new pets who are arriving daily.
ReplyDeleteWhen exactly does a republican form of government cease being a republican form of government?
ReplyDeleteWhen the republican pols all decided that they loved better-managed socialism.
DeleteSounds like a plan.
ReplyDeleteTyler Perry had an interview last summer where he talked about how much cheaper it was to produce movies here in GA.
I read that first as "Ca wants to double Texas .
ReplyDeleteAfter I reread it, I realized that should have been the subhed.
OK, it took me a couple of reads before I realized what you meant. So, I'm old, sue me!
DeleteYou created the problem, stay there and live it. Don't bring that shit to the rest of the country.
ReplyDeleteDaryl
“Trump won Texas by nine points in 2016. We found that among natives, he was supported by plus seven, but if you moved to Texas, you supported Trump by plus 12. So we’re seeing a conservative migration mostly to Texas.”
Deletehttps://www.foxnews.com/media/former-california-assemblyman-chuck-devore-will-texas-flip-because-of-blue-state-migrants-dont-bet-on-it
You already can't find a U-Haul going anywhere East, this will make it even worse. It's getting impossible to live here in California.
ReplyDeleteFools have to pay for all that free stuff given to illegals.
ReplyDeleteIf commiefornia wants to increase its tax revenue, it should start by lowering its tax rates. It should continue by making the state business and worker friendly by lowering the burden of its asinine regulations, start enforcing its border with Mexico, bring the unions under control and enact Right to Work legislation, support the Second Amendment, and run soft on crime DAs and judges out of the state (preferably out of the country). This will only be a start, of course. Instead, the state's Marxist ministers and legislators will ignore the fact that higher tax rates and regulation will cause businesses to either relocate to lower tax/lower regulation states, which will cause the fools to raise tax rates, which will lower tax revenues, which will cause the fools to raise tax rates ... ad infinitum.
ReplyDeleteWhat, California wasn't going broke fast enough already?
ReplyDeleteThis will not impact the illegals because they get paid under the table but still get there govt benefits.
ReplyDeleteThis ain't all, they're also trying to start a new tax on solar installations. $8/Month/Kw.
ReplyDeleteSo if you have an average system on your roof you're going to be ponying up about $48/Month or about 29% of your normal savings on electricity. But if you had to pay for the system yourself that turns out to be over 40% of your savings over the life of the system. Get out your checkbooks California!
Oh but they're "the 6th largest economy in the world" so...