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Started By
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re: As top earners flee, California sees 25% drop in income tax revenue
Posted on 12/28/23 at 9:34 am to SoDakHawk
Posted on 12/28/23 at 9:34 am to SoDakHawk
quote:
Problem is they leave California but bring their liberal voting habits with them. Californication. Can't fix stupid.
Normal folks should move to California and vote to turn it normal
Naturally it’s about as beautiful as it gets.
1
Posted on 12/28/23 at 9:39 am to rintintin
Remember when California was trying to find a way to make people have to continue paying state taxes for five years after moving out of state? Shows 1) just how aware they are of the outflow of the tax base and 2) just how desperate they are to take more money from their people.
I cannot put into words how much I despise those scumbags, and I have never lived in the state.
I cannot put into words how much I despise those scumbags, and I have never lived in the state.
quote:
Assembly Bill 2088 (AB 2088), which was introduced in Sacramento in August of 2020, would impose the state’s first wealth tax. And more controversially, it proposes to levy a wealth tax on Californians for a period of up to 10 years, even after they’ve left the state, a California exit tax.
This post was edited on 12/28/23 at 9:50 am
Posted on 12/28/23 at 9:41 am to Chucktown_Badger
They are just setting the stage for a federal bailout funded by everyone else.
Posted on 12/28/23 at 9:41 am to Darth_Vader
Wyoming, Montana and Utah next to be Californicated by rich Californians moving there and supporting liberal politicians, laws and taxation.
Posted on 12/28/23 at 9:42 am to JTM72
quote:
California should implement more taxes to make up for the loss of tax revenue from people leaving
That's the vicious cycle they created. It's happening in Illinois and NY as well. Increase taxes for their wasteful and harmful social programs, high earners have enough and leave, raise taxes by even more on those who remain to make up for the shortfall, more people leave, you need to raise taxes more on those who remain, rinse and repeat. And as more high earners leave, you will always need to raise taxes exponentially to recover the lost revenue.
Posted on 12/28/23 at 9:45 am to Legion of Doom
And the poor keep getting taxed because they can't leave
Posted on 12/28/23 at 9:46 am to Darth_Vader
It might be better if democrat doesn’t win presidency
They need someone to blame for the mess they leaving behind
They need someone to blame for the mess they leaving behind
Posted on 12/28/23 at 9:51 am to dakarx
quote:
They are just setting the stage for a federal bailout funded by everyone else.
Just like when the Democrats’ Covid “relief” spending bailed out blue states which destroyed their own economies, there will be some package that shifts the burden of this from California to all of us.
States should be the laboratories of democracy. Some experiments fail. But if we insulate them against their failures, no lesson is ever learned.
Posted on 12/28/23 at 9:57 am to Darth_Vader
Hmmm..... 5th repeat 5th largest economy in the world. Seems they be doing alright. 
Posted on 12/28/23 at 9:59 am to VetteGuy
A lot of 'em get pissy when they sell their house for cash in CA and they think they can buy twice the house for 1/2 the money in Scottsdale.
Posted on 12/28/23 at 9:59 am to Darth_Vader
We own a business and the state has now changed the collection of sales taxes to monthly when it was previously done on a quarterly basis.
Posted on 12/28/23 at 10:00 am to skinny domino
quote:
5th repeat 5th largest economy in the world
The P&Ls of multinational corporations are doing outstanding. That must mean there isn't any undereducation, poverty and homelessness and a carved out middle class
Posted on 12/28/23 at 10:01 am to skinny domino
quote:
Hmmm..... 5th repeat 5th largest economy in the world.
Everything is over inflated due to regulation and the poor, even middle class struggle to live there.
Its great if youre rich and dont mind massive taxes.
Posted on 12/28/23 at 10:05 am to Chucktown_Badger
quote:
That's the vicious cycle they created. It's happening in Illinois and NY as well. Increase taxes for their wasteful and harmful social programs, high earners have enough and leave, raise taxes by even more on those who remain to make up for the shortfall, more people leave, you need to raise taxes more on those who remain, rinse and repeat. And as more high earners leave, you will always need to raise taxes exponentially to recover the lost revenue.
Sounds like the current state of cable tv.
Posted on 12/28/23 at 10:35 am to Darth_Vader
reparations will fix this
Posted on 12/28/23 at 10:36 am to skinny domino
quote:
Hmmm..... 5th repeat 5th largest economy in the world. Seems they be doing alright.
the most homeless and largest wealth gap.
It's a perfect leftist utopia.
Posted on 12/28/23 at 10:37 am to skinny domino
quote:with money they’ve borrowed and will never be able to pay back
5th repeat 5th largest economy in the world. Seems they be doing alright.
Posted on 12/28/23 at 10:42 am to skinny domino
They're the least educated state in the country. Their location and size results in their gdp
Posted on 12/28/23 at 10:47 am to UpToPar
quote:
The solution is pretty clear. Just raise taxes.
While insulting those that leave as r racists unwilling to “pay their share”
Posted on 12/28/23 at 10:50 am to Darth_Vader
California needs to lose some house seats.
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